Commonwealth Takes FID

FOR IMMEDIATE RELEASE
May 15, 2026

Commonwealth LNG, an essential element of the wellhead-to-water natural gas export project being developed by Caturus, announced today that it had taken a final investment decision (FID) on the 9.5 million tons per annum USLNG export project in Cameron Parish, Louisiana. The FID includes successful closing of $9.75 billion in project financing. Equity investors Kimmeridge, Mubadala Energy, and CPP Investments are joined by EOC Partners, funds and accounts managed by BlackRock, and an Ares Infrastructure Opportunities fund. Phase 1 development is expected to generate more than $3 billion in annual export revenue when operations commence in 2030.

Fred H. Hutchison, President & CEO of LNG Allies, had this statement: “People don’t always appreciate how many different things must get done—and get done right—to make a project of this magnitude come together. It was the dedicated execution of the Kimmeridge/Caturus team that made today’s FID possible. Congratulations to all involved. It was great to see ‘shovels in the ground.’ This means more clean, dependable, USLNG on the water within a few short years.”

Photo Courtesy Commonwealth/Caturus.

Rendering Courtesy: Caturus (Via PRNewswire)