Cameron Parish, La. (May 18, 2026) — Caturus has reached a major milestone in its long-term energy growth strategy, announcing a positive Final Investment Decision (FID) for its Commonwealth LNG export facility in Cameron Parish, Louisiana. The project includes approximately $13 billion in investment and positions the company to expand its integrated natural gas platform while strengthening U.S. energy export capacity.
The announcement follows the successful closing of $9.75 billion in project financing for construction of the 9.5 million tonnes per annum (Mtpa) liquefied natural gas export terminal. Total financial commitments tied to the project reached approximately $21.25 billion, reflecting significant support from both equity and debt investors.
The project marks the beginning of full construction and advances one of the nation’s largest LNG developments currently moving forward.
Ben Dell, Managing Partner of Kimmeridge and Chairman of Commonwealth LNG, said: “This landmark occasion, in parallel with continued growth of Caturus’ upstream platform, is the culmination of years of strategic planning, strong partnerships and commitment to delivering a fully integrated ‘wellhead-to-water’ project.”
Located in Cameron Parish, the Commonwealth LNG facility is expected to become a central component of Caturus’ strategy to create an integrated natural gas business model that spans production, liquefaction and global export operations.
Company leaders noted that the project has secured long-term agreements with a diverse group of global customers, including major energy and industrial companies such as EQT, Glencore, Mercuria, PETRONAS and Aramco Trading.
When operational, Phase I of the project is expected to generate more than $3 billion annually in export revenue. Operations are currently projected to begin in 2030.
The financing package includes support from several major investment partners. Mubadala Energy, which currently holds a significant ownership position in the Caturus platform, remains an equity participant in the project. Canada Pension Plan Investment Board will contribute approximately $1.2 billion to increase its overall stake in Caturus.
Mansoor Mohamed Al Hamed, Managing Director and Chief Executive Officer of Mubadala Energy, said: “This FID announcement is a major milestone for Commonwealth LNG and is a critical step in realizing its strategy for a fully integrated ‘wellhead-to-water’ operation.”
Project leaders say the integrated structure gives the company direct oversight from natural gas production through export delivery, positioning Caturus to respond to growing international demand for reliable lower-emission fuel sources.
David Lawler, Chief Executive Officer of Caturus, said: “Global gas demand is unquestionably accelerating and Caturus is positioned to be a differentiated leader across the value chain from upstream production to LNG export.”
Construction will incorporate a modular design approach and utilize major equipment from industry suppliers including Technip Energies, Baker Hughes, Honeywell and Solar Turbines.
The project also strengthens Louisiana’s ongoing role in global energy production and export markets. According to project officials, the Commonwealth LNG facility represents the $100 billion milestone in announced capital investment during Gov. Jeff Landry’s administration.
The project further expands Louisiana’s presence as a leading Gulf Coast energy hub while supporting long-term economic activity, export growth and infrastructure development across the region.
For more information, visit Caturus.
