Commonwealth LNG receives U.S. FERC authorization for Calcasieu LNG export project
Commonwealth LNG said it has received a final order from the Federal Energy Regulatory Commission authorizing its 9.5-MMtpy LNG export project on the Calcasieu Ship Channel in Louisiana.
The FERC final order follows a conditional non-free trade agreement export authorization granted by the U.S. Department of Energy, enabling Commonwealth to target a final investment decision (FID) later this year.
The project aims to begin LNG production by 2029 and has gained traction through binding long-term agreements with global buyers such as Glencore GLEN.L, Japan's JERA, and Malaysia's Petronas.
Commonwealth’s partnership with Petronas involves a 20-year agreement for sustainable LNG supply.
The facility is projected to generate approximately $11 billion in investments in Louisiana and $3.5 billion in annual export revenue, while creating 2,000 construction jobs at its peak and 270 permanent roles once operational.
Related News
Related News
- U.S. ethane exports to China hit new roadblock with license requirement
- Glencore to offtake 2 MMtpy of LNG from Commonwealth LNG's export facility in Cameron Parish, Louisiana
- Australia clears Woodside to run North West Shelf LNG plant to 2070
- Egypt agrees to buy up to 160 LNG cargoes through 2026
- Shell to add up to 12 MMt of additional LNG capacity by 2030
Comments