Caturus has successfully secured long-term sale and purchase agreements (SPAs) with five major international partners, finalising the commercialisation of its Commonwealth LNG project in Cameron Parish, Louisiana. With these offtake commitments in place, the US$12.5bn Phase 1 development is now launching its financing process. The operator anticipates reaching a final investment decision (FID) in the coming weeks.
Targeting operations in 2030, early site preparation and surge wall development are already underway. To maintain the project schedule, Caturus has authorised its engineering, procurement and construction (EPC) partner, Technip Energies, to issue purchase orders for major long-lead equipment. Subcontracts for marine and material offloading facilities have also been awarded, presenting a wealth of ongoing opportunities across the US midstream supply chain.
Track more details directly on EICDataStream.