Commonwealth LNG Secures Offtake, Nears FID on $12.5 Billion Project

Commonwealth LNG has secured long-term offtake agreements to support financing of its $12.5 billion Louisiana export project, with FID expected soon.

(P&GJ) — Commonwealth LNG has secured long-term offtake agreements to support financing of its proposed export facility in Louisiana, as the project moves closer to a final investment decision.

The $12.5 billion project, located in Cameron Parish, is expected to begin operations in 2030. With commercial agreements now in place, the company said it plans to launch the financing process with lenders in the coming weeks.

Buyers signing sales and purchase agreements include EQT LNG Trading, Glencore, Mercuria, PETRONAS LNG and Aramco Trading Americas, providing the commercial foundation needed to advance the project.

Engineering and construction activities are also progressing. Commonwealth LNG has issued purchase orders for major equipment, including compressors, heat exchangers and turbines, while early site work and marine infrastructure development are underway.

Chief Executive Officer David Lawler said the agreements reflect market support for the project and will help position it within a broader strategy linking upstream gas supply to LNG exports.

Separately, Caturus said it remains on track to complete its acquisition of SM Energy assets in South Texas, which would expand its upstream footprint and increase production to about 1 billion cubic feet of equivalent per day.