Image Credit: WAM
UAE — May 2026 — Abu Dhabi-based international energy company Mubadala Energy has announced that Caturus LLC has reached a Final Investment Decision for the Commonwealth LNG project, including the successful financial close of the $9.75 billion initiative to build a liquefied natural gas export facility in Cameron Parish, Louisiana, with an export capacity of up to 9.5 million tons per year.
According to the Emirates News Agency, the FID marks the beginning of full construction on what is considered one of the most cost-efficient and competitive LNG projects in the United States. The deal drew strong interest from both investors and debt financiers, with total commitments reaching $21.25 billion.
Ben Dell, managing partner of Kimmeridge and chairman of Commonwealth LNG, called it a historic milestone that, alongside the continued growth of Caturuss’s upstream platform, represents the culmination of years of strategic planning, strong partnerships, and commitment to developing a fully integrated well-to-export project.
Long-term supply agreements have been signed with a diverse range of global energy and industrial companies. Phase one is expected to generate annual export revenues exceeding $3 billion when operations begin in 2030.
Mubadala Energy is participating as an equity investor, already holding a 24.1 percent stake in the integrated Caturus platform, which encompasses both the Commonwealth LNG project and upstream exploration and production activities.
Mansoor Al Hamed, managing director and CEO of Mubadala Energy, said the FID announcement represents an important milestone for Commonwealth LNG and a key step toward realizing the strategy of building an integrated production-to-export value chain.
He added that the investment strengthens the company’s international growth strategy and expands its presence across the full natural gas value chain.
David Lawler, CEO of Caturus LLC, said global gas demand is growing and the company has what it takes to be a leader across the full value chain, from exploration and production to LNG export.
