LNG

Caturus, a Houston-based independent gas company, has secured $9.75 billion in project finance-style debt for its Commonwealth LNG, with total equity and debt commitments reaching $21.25 billion.

Caturus has taken a final investment decision (FID) on its 9.5 mtpa Commonwealth LNG export project in Louisiana, supported by $9.75 billion in total financing and several long-term offtake agreements. Construction just begun, with first LNG targeted in late 2029 and full operations by 2030.

Abu Dhabi's sovereign wealth fund Mubadala Energy has backed Kimmeridge’s $13 billion Commonwealth LNG project in Louisiana with equity financing, enabling the project to reach financial close.

Commonwealth LNG, majority-owned by Kimmeridge, has received a 20-year regulatory permit to export LNG to countries without free trade agreements (non‑FTA) with the United States, adding to a 25-year FTA export permit. Both authorizations will become effective once the LNG terminal starts commercial operations, or within seven years of issuance.

Commonwealth LNG is progressing towards a final investment decision (FID) following final approval from the US Department of Energy (DOE) to export up to 1.21 Bcf/d of LNG to non-free trade agreement (FTA) countries. With all permits now in hand, Kimmeridge is gearing up for an FID in Q3-2025.