Commonwealth LNG has reached a final investment decision (FID) on its 9.5 MMtpa export terminal (1.3 Bcf/d) near Cameron Parish, Louisiana.
Caturus (formerly Kimmeridge Energy) is targeting operations for 2030 (see picture below). The project has obtained all required regulatory approvals. In April, EQT and Glencore each agreed to take an additional 1 MMtpa (0.13 Bcf/d) from the project after JERA exited its long-term contract. The terminal now has 8 MMtpa (1.05 Bcf/d) of capacity secured under binding agreements.
As we discuss in the LNG Voyager Weekly Report, this marks the second LNG project to reach FID this year, following Venture Global’s FID on CP2 Phase 2 in March. With Commonwealth moving forward, U.S. export capacity is expected to exceed 32 Bcf/d by the early 2030s.
In 2025, six new LNG projects got the greenlight and the pace of FIDs surged. One U.S. project, Texas LNG, appears likely to advance in the near term. In the long term, several projects remain, including developments from industry heavyweights Cheniere and Venture Global. Many are still awaiting regulatory approvals but could come under consideration once permits are granted, likely next year.
