Caturus said on Tuesday it had reached full commercialization of its Commonwealth LNG project in Louisiana after securing long-term offtake agreements, paving the way for project financing and a final investment decision in the coming weeks.
EQT LNG Trading NYSE:EQT, Glencore LSE:GLEN, Mercuria, Malaysia's Petronas LNG MYX:PETGAS and Saudi Aramco's TADAWUL:2223 Aramco Trading Americas have each signed sale and purchase agreements for output from the facility, the company said.
U.S. LNG developers are securing long-term buyers to advance projects amid strong global demand, even as costs and financing discipline remain key hurdles.
The $12.5 billion Phase 1 development, located in Cameron Parish, is expected to start operations in 2030 and generate about $3.5 billion in annual export revenue once online.