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US energy company Caturus has taken final investment decision (FID) on its 9.5 million tonnes per annum (mtpa) liquefied natural gas (LNG) export facility in Cameron Parish, Louisiana.
The project has also secured $9.75bn in project financing, allowing full construction of the US Gulf Coast facility to move forward.
Phase one of the project is expected to start operations in 2030, generating more than $3bn in annual export revenue.
Long-term agreements for LNG produced at the site have already been signed with global energy and industrial companies, including EQT, Glencore, Mercuria, Petronas, and Aramco Trading.
Caturus said the project forms part of its integrated natural gas strategy, combining upstream gas production with LNG export capacity.
Mubadala Energy owns a 24.1% stake in the Caturus platform, which includes Commonwealth LNG and Caturus’ upstream assets, and is also investing in the project’s financing.
Mansoor Mohamed Al Hamed, Managing Director and CEO of Mubadala Energy, said the investment adds to the company’s existing global gas-weighted portfolio and expands its exposure across the full gas value chain.
