Global Infrastructure Sherpa

Caturus secures $9.75 billion in project financing for 9.5 Mtpa Commonwealth LNG export facility in Louisiana

Type: Financing · Technology: Gas · Country: United States · Value: $9.75B · Announced: 2026-05-15

Caturus LLC finalized a $9.75 billion project financing package to construct the 9.5 million tonnes per annum (Mtpa) Commonwealth LNG export facility in Cameron Parish, Louisiana, marking a critical milestone in the project's development. The financing, part of a $21.25 billion total capital commitment, will fund the construction of a liquefied natural gas (LNG) export terminal designed to load carriers up to 216,000 cubic meters, with operations expected to commence by 2030. The facility is central to Caturus' integrated 'wellhead-to-water' strategy, combining upstream natural gas production with liquefaction and export capabilities to serve global markets. Long-term offtake agreements have been secured with global energy counterparties including EQT, Glencore, Mercuria, PETRONAS, and Aramco Trading, ensuring revenue streams for the $13 billion project. Kimmeridge, Mubadala Energy, and CPP Investments are key equity investors, with Mubadala holding a 24.1% stake in Caturus' platform and CPP Investments increasing its stake to 31% through a $1.2 billion contribution. The project is expected to generate over $3 billion in annual export revenue and create material economic benefits for Louisiana.

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