Caturus has finalised customer offtake agreements for its 9.5 million tonnes per annum (mtpa) Commonwealth liquefied natural gas (LNG) facility in Cameron Parish, Louisiana.
The agreements allow the company to proceed with the launch of its financing process as it moves toward a final investment decision in the coming weeks.
EQT LNG Trading, Glencore, Mercuria Energy Trading, Petronas LNG and Aramco Trading Americas have each signed long-term sale and purchase agreements for LNG offtake from the site.
Caturus CEO David Lawler said: “These commitments from high-quality international partners are a testament to their confidence in the Commonwealth project and our ability to deliver a facility instrumental to their needs in serving the global energy market.
“Our LNG export capability will be a key component of Caturus’ wellhead-to-water strategy in building the nation’s leading independent integrated natural gas company.”
The Commonwealth LNG development’s first phase involves an investment of $12.5bn and has an anticipated annual export revenue of $3.5bn. The facility is expected to begin operations in 2030, with preliminary site work currently in progress.
Caturus, through its partnership with Commonwealth’s engineering, procurement and construction contractor, Technip Energies, has issued purchase orders for significant equipment. These include compressors from Baker Hughes, cryogenic heat exchangers from Honeywell and turbine-generators from Solar Turbines.
The project’s execution phase has started, supported by limited notices to proceed for maintaining both the schedule and budget. Subcontracts have been awarded for initial site preparation, surge wall development, and the construction of marine and materials offloading infrastructure.
Situated on the west bank of the Calcasieu Ship Channel at the mouth of the Gulf of Mexico, the Commonwealth LNG project will include five 50,000m³ storage tanks and will be capable of accommodating vessels up to 216,000m³.
Alongside developments at the Commonwealth LNG facility, Caturus is close to completing its acquisition of SM Energy’s Galvan Ranch assets, a deal that was announced in February 2026.
This transaction covers approximately 60,000 net acres and production from 260 wells in South Texas with output of around 250 million cubic feet equivalent per day.
Following this acquisition, Caturus expects total production to reach around one billion cubic feet equivalent per day net, positioning the company among the top ten private US gas pure-play producers.
The operations of Caturus’ upstream assets and Commonwealth LNG are grouped under the Caturus platform set up by Kimmeridge, an alternative asset manager with a focus on the energy sector.
