LNG

Caturus’ Commonwealth LNG project has finalised customer offtake agreements to underpin financing of its LNG facility in Cameron Parish, Louisiana, the company claimed, despite JERA announcing the cancellation of an offtake agreement. .

With commercialisation finalised, the launch of the financing process with lenders is due to begin, as the company advances the project toward a final investment decision (FID) anticipated in the coming weeks.

EQT LNG Trading, Glencore, Mercuria Energy Trading, PETRONAS LNG, and Aramco Trading Americas, have each entered into long-term sale and purchase agreements (SPAs) with Commonwealth for offtake from the facility, Caturus said.

“These commitments from high-quality international partners are a testament to their confidence in the Commonwealth project and our ability to deliver a facility instrumental to their needs in serving the global energy market,” said Caturus CEO David Lawler. “Our LNG export capability will be a key component of Caturus’ wellhead to-water strategy in building the nation’s leading independent integrated natural gas company.”

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