Overview
- Caturus, which announced a final investment decision Friday, closed $9.75 billion in project financing and began full construction of the Commonwealth LNG terminal in Cameron Parish as part of $21.25 billion in total commitments.
- The export plant is designed for 9.5 million tonnes per year of capacity and targets first commercial operations in 2030 with Phase 1 projected to generate more than $3 billion in annual export revenue.
- Backing comes from Mubadala Energy, Kimmeridge and CPP Investments, with Mubadala holding 24.1% of Caturus and CPP committing $1.2 billion to lift its stake to roughly 31%.
- Caturus says long-term sales agreements are in place with EQT, Glencore, Mercuria, PETRONAS and Aramco Trading to support the project.
- Technip Energies is the EPC partner with major equipment already ordered, and recent upstream expansion including the Galvan Ranch buy has lifted Caturus output above 1 Bcfe per day to supply its wellhead-to-water model.