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Caturus reaches full commercialization for US Commonwealth LNG project

ReutersApr 7, 2026 5:33 PM

April 7 (Reuters) - 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 EQT.N, Glencore GLEN.L, Mercuria, Malaysia's Petronas LNG PGAS.KL and Saudi Aramco's 2223.SE 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.

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