Commonwealth LNG Makes Final Investment Decision on $13 Billion Louisiana Export Terminal

LNG export plant in Louisiana, the UAE energy investor Mubadala Energy said on Friday. The final investment decision for Commonwealth LNG was announced on May 15, 2026.

75 billion in project financing for the construction of the export project and marks the start of full construction. The Commonwealth LNG facility is located in Cameron Parish, Louisiana. Phase 1 development of the export facility is on the west bank of the Calcasieu Ship Channel.

5 million tons of liquefied natural gas. It is expected to become operational in 2030. Phase 1 of Commonwealth LNG is expected to generate more than $3 billion in annual export revenue when operations commence in 2030, according to proponents of the project.

25 billion from equity and debt investors. Kimmeridge, Mubadala Energy, and Canada Pension Plan Investment Board are providing new financing for Commonwealth LNG. The three investors continue as equity investors in Caturus.

1% stake in the Caturus platform, which is comprised of Commonwealth LNG and Caturus’ upstream operations. Mubadala Energy is an equity participant in the Commonwealth LNG project’s financing. com reported that the final investment decision advances one of the most cost-competitive and efficient LNG projects in the United States.

“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,” Caturus CEO David Lawler said. U.S. project comes as the Middle East conflict upended global LNG supply and demand balances.

Com reported that the market is now expected to be tight in 2026 and 2027 amid curtailed output from Qatar and the UAE.