Caturus to start construction of major US LNG facility after securing $9.75 billion

• CPP Investments contributed $1.2 billion and increased its stake in Caturus to 31%, while Mubadala Energy holds 24.1%
• Long-term supply agreements already secured with major traders including EQT LNG Trading, Glencore, Mercuria, Petronas, and Aramco Trading
• The facility will strengthen U.S. position as the world's largest LNG exporter during a period of elevated global prices and Middle East supply disruptions

Summary

Key Development: U.S.-based Caturus has approved construction of a major liquified natural gas (LNG) facility in Cameron Parish, Louisiana, after securing $9.75 billion in financing. The Commonwealth LNG project is expected to begin operations in 2030.

Financial Details:

• Total project financing: $9.75 billion
• Canada Pension Plan Investment Board (CPP Investments) contributed $1.2 billion, increasing its stake to 31%
• Mubadala Energy (Abu Dhabi sovereign wealth fund arm) holds 24.1% stake
• Energy investor Kimmeridge also provided funding
• Expected annual export revenue: $3 billion once operational

Project Specifications:

• Capacity: 9.5 million metric tons per annum
• Location: Cameron Parish, Louisiana
• Target operational date: 2030

Supply Agreements: Long-term deals already secured with major players including EQT LNG Trading, Glencore, Mercuria, Malaysia's Petronas, and Saudi Aramco's Aramco Trading.

Market Context: The development comes as the U.S. maintains its position as the world's largest LNG exporter, playing a critical role in supplying Asian markets during the ongoing Middle East crisis. Global LNG prices remain elevated due to supply disruptions in the region.

Significance: This project represents a major expansion of U.S. LNG export capacity, strengthening America's position in global energy markets and providing additional supply security to international buyers amid geopolitical tensions affecting traditional supply routes.