Commonwealth LNG Receives FERC Authorization for Calcasieu LNG Export Project

The FERC final order follows a conditional non-free trade agreement export authorization granted by the U.S. Department of Energy, enabling Commonwealth to target a final investment decision (FID) later this year.

The project aims to begin LNG production by 2029 and has gained traction through binding long-term agreements with global buyers such as Glencore, Japan’s JERA, and Malaysia’s Petronas.

Commonwealth’s partnership with Petronas involves a 20-year agreement for sustainable LNG supply.

The facility is projected to generate approximately $11 billion in investments in Louisiana and $3.5 billion in annual export revenue, while creating 2,000 construction jobs at its peak and 270 permanent roles once operational.

(Reporting by Anjana Anil and Anmol Choubey in Bengaluru; Editing by Sandra Maler and Sonali Paul)