Commonwealth LNG
Commonwealth LNG is developing a 9.5 Mtpa LNG export terminal in Cameron Parish, Louisiana, under parent Caturus LLC, using Technip Energies' SnapLNG modular construction. It will sell liquefied natural gas under 20-year take-or-pay contracts to EQT, Glencore, Mercuria, PETRONAS, and Aramco Trading, with operations targeted for 2030.
- Company typePrivate
- Founded2023
- HeadquartersHouston, United States
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What Commonwealth LNG does
Commonwealth LNG is developing a 9.5 Mtpa liquefaction and export terminal on the west bank of the Calcasieu Ship Channel in Cameron Parish, Louisiana, designed as the export anchor of parent Caturus LLC's integrated wellhead-to-water natural gas platform. The facility will feature six identical liquefaction trains using Technip Energies' SnapLNG modular solution, five 50,000 cubic meter full-containment LNG storage tanks, vessel accommodation up to 216,000 cubic meters, and a 3.0-mile interconnecting pipeline tying into two major regional pipeline systems (with the WhiteWater Pelican Thrasher Lateral under development to add up to 2.5 Bcf/d of dedicated takeaway). Equipment is supplied by Baker Hughes (refrigerant turbo compressors), Honeywell (modular coil-wound heat exchangers and SeparSIV pretreatment), and Solar Turbines (generators), with CB&I contracted to build the storage tanks and construction commencing in Q3 2026 toward mechanical completion in 2029 and commercial operations in 2030.
The company monetizes its terminal capacity through 20-year take-or-pay LNG Sale and Purchase Agreements: EQT (2 mtpa), Glencore (3 mtpa), Mercuria (1 mtpa), PETRONAS (1 mtpa), and Aramco Trading (1 mtpa with an option to scale to 2 mtpa), covering 8 of 9.5 Mtpa of permitted capacity and supporting the company's projection of more than $3 billion in annual export revenue at first LNG in 2030. MiQ methane-intensity certification and a leak detection and repair program support a responsible-sourcing positioning increasingly valued by European and Asian buyers. The project is owned by Caturus LLC (formerly Kimmeridge's integrated natural gas platform, rebranded in August 2025 after Mubadala Energy's strategic investment), with major equity from CPP Investments (31%) and Mubadala Energy (24.1%), additional capital from BlackRock and Ares Infrastructure, and a 20-bank debt syndicate led through Bank of America, Citibank, HSBC, Barclays, MUFG, RBC, Scotiabank, and Wells Fargo.
Governance sits under Chairman Ben Dell (Kimmeridge Managing Partner) with David Lawler as CEO of parent Caturus; the company is currently pre-revenue with FID reached on May 15, 2026 against a $13 billion project cost within $21.25 billion of total commitments. Business risk centers on regulatory exposure (active environmental lawsuit challenging the Louisiana construction permit, though reissued in November 2025 after a court vacatur), construction execution in a tight Gulf Coast labor market, and single-asset revenue concentration once operations begin.
Commonwealth LNG firmographics
Firmographics- Name
- Commonwealth LNG
- Legal name
- Caturus LLC
- Website
- https://commonwealthlng.com
- Company type
- Private
- Founded year
- 2023
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Commonwealth LNG is developing a 9.5 Mtpa LNG export terminal in Cameron Parish, Louisiana, under parent Caturus LLC, using Technip Energies' SnapLNG modular construction. It will sell liquefied natural gas under 20-year take-or-pay contracts to EQT, Glencore, Mercuria, PETRONAS, and Aramco Trading, with operations targeted for 2030.
- Ownership category
- akta.pro rank
Commonwealth LNG industry classification
Industry- Product category
- LNG Export
- NAICS
- Pipeline Transportation of Natural Gas (48621), Pipeline Transportation of Natural Gas (4862)
- SIC
- Natural Gas Transmission (4922), Natural Gas Transmisison & Distribution (4923)
- akta.pro primary industry
- LNG Liquefaction Plants (Onshore & FLNG) (EUALAFAA)
- akta.pro secondary industries
- LNG Liquefaction (Export Terminals) (EUAAACAE), LNG Storage, Terminals & Bunkering (Peak Shaving, Small-Scale LNG) (EUALAFAD), LNG Contracting & Commercial (SPAs, Tolling, Offtake, Pricing) (EUALAFAF), LNG EPC, Commissioning & Project Development (Engineering, Construction, Permitting) (EUALAFAI), LNG Import/Export Terminals (Liquefied Natural Gas) (TLAHABAL)
Keywords
Where Commonwealth LNG is headquartered
LocationHeadquarters
- HQ city
- Houston
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Commonwealth LNG business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Infrastructure, Supply Chain, Personnel, Operations, Technology or R&D
Revenue model
- LNG Export Sales: Revenue generated from long-term LNG offtake agreements with global energy counterparties. Phase 1 expected to generate over $3 billion in annual export revenue when operations commence in 2030. Contracts include 20-year SPAs with EQT (2 mtpa), Glencore (3 mtpa), PETRONAS (1 mtpa), Aramco Trading (1 mtpa), and Mercuria (1 mtpa).
- Natural Gas Production: Caturus produces over 1 Bcfe/day of natural gas from its Eagle Ford and Austin Chalk operations in South Texas, providing integrated wellhead-to-water supply for the LNG export facility.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Long-term LNG Supply Agreements (20-year SPAs) |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels3 records
Commonwealth LNG product offering
Product offeringCore offering
Commonwealth LNG is developing a 9.5 million tonnes per annum (Mtpa) liquefaction and export facility on the west bank of the Calcasieu Ship Channel near Cameron, Louisiana. The facility features Technip Energies' SnapLNG modular liquefaction solution deployed across six identical trains and five 50,000 cubic meter LNG storage tanks, capable of accommodating vessels up to 216,000 cubic meters. The project sells LNG under 20-year Sale and Purchase Agreements with major global energy counterparties (EQT, Glencore, Mercuria, PETRONAS, Aramco Trading) covering 8 of 9.5 Mtpa of permitted capacity, with operations targeted to begin in 2030.
Product overview
Commonwealth LNG is developing a single large-scale LNG export facility — a 9.5 Mtpa liquefaction and export terminal in Cameron Parish, Louisiana — as the operational anchor of Caturus's broader wellhead-to-water integrated natural gas platform. The facility is supported by a modular construction approach using Technip Energies' SnapLNG solution across six liquefaction trains, with five on-site LNG storage tanks and pipeline interconnection. The parent company Caturus coordinates the full natural gas value chain from upstream wellhead production through processing, liquefaction, export, and regasification, making Commonwealth LNG the export terminal component of a vertically integrated gas business.
Differentiator
Problem solved
Functional benefit
Products and services
- Commonwealth LNG Export Facility A 9.5 Mtpa liquefaction and export terminal under development on the west bank of the Calcasieu Ship Channel near Cameron, Louisiana, featuring five 50,000 cubic meter full containment concrete LNG storage tanks, capable of accommodating vessels up to 216,000 cubic meters, with gas supply via a 3.0-mile pipeline connected to two major pipeline systems. Sells LNG to global energy counterparties under long-term offtake agreements.
- Long-term LNG Sale and Purchase Agreements
Quantifiable outcome
- Phase 1 expected to generate over $3 billion in annual export revenue when operations commence in 2030
- +2 more outcomes
Companies that use Commonwealth LNG
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles3 records
Commonwealth LNG technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature4 records
Commonwealth LNG partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core, key equipment supplier, key contractor, infrastructure partner and strategic.
- Technip EnergiescoreTechnip Energies serves as the primary EPC contractor for the 9.5 Mtpa LNG export facility using its SnapLNG modular and scalable solution across six identical liquefaction trains. Received Full Notice To Proceed in May 2026. Contract valued at over €1 billion.
- Baker Hugheskey equipment supplierBaker Hughes is supplying key liquefaction equipment including six refrigerant turbo compressors with advanced gas turbines for the Commonwealth LNG facility.
- Honeywellkey equipment supplierHoneywell is providing integrated LNG pretreatment and liquefaction solutions including modular coil wound heat exchanger technology and SeparSIV pretreatment technology for the 9.5 Mtpa export facility.
- Solar Turbineskey equipment supplierSolar Turbines is supplying generators for the Commonwealth LNG export facility construction.
- CB&Ikey contractorCB&I was awarded a contract by Technip Energies to engineer and construct five LNG storage tanks (50,000 cubic meters each) for the Commonwealth LNG project. Construction scheduled to start Q3 2026 with mechanical completion targeted for 2029. Contract falls within CB&I's significant contracts category valued between $250 million and $500 million.
- WhiteWaterinfrastructure partnerWhiteWater announced plans to build the Pelican Thrasher Lateral, a 65-mile pipeline designed to deliver up to 2.5 billion cubic feet per day of natural gas to Commonwealth LNG's planned export facility. Expected to enter service in first half of 2029.
- Nabors IndustriesstrategicCollaboration with Nabors Industries in developing the PACE-X Ultra X33 rig, now deployed by Caturus as the most powerful onshore drilling system in the United States.
Scale indicators9 records
Recent moves7 records
Expansion highlights6 records
Commonwealth LNG competitors and assessment
Company assessmentEmerging players
- Excelerate Energy: LNG import terminal and floating regasification operator with growing US export development portfolio; overlapping LNG infrastructure and shipping customer base.
- New Fortress Energy: Developer of small-to-mid-scale LNG infrastructure and FLNG projects; comparable modular LNG philosophy targeting global buyers, though at smaller scale than Commonwealth.
Direct peers
- Energy Transfer: Midstream major developing Lake Charles LNG and providing natural gas supply infrastructure; overlapping with Commonwealth's wellhead-to-water model and Gulf Coast export positioning.
- Cheniere Energy: Largest US LNG exporter operating Sabine Pass and Corpus Christi facilities; directly comparable large-scale LNG export infrastructure with long-term SPAs and similar Gulf Coast positioning.
- Venture Global LNG: Rapidly scaling US LNG exporter with Calcasieu Pass, Plaquemines, and CP2 projects; comparable modular construction approach and direct competition for long-term offtake with global utilities and traders.
- Tellurian: Developer of Driftwood LNG and integrated Driftwood Pipeline; another US LNG export project under development competing for the same SPA and financing universe.
- Freeport LNG: Operating 15+ Mtpa LNG export terminal on the Gulf Coast; directly comparable scale, geography, and customer base of long-term SPA holders.
- Sempra Infrastructure: Developing Port Arthur LNG in Texas and operating Cameron LNG JV; directly comparable Gulf Coast LNG export developer with long-term offtake contracting.
- NextDecade: Developing Rio Grande LNG Phase 1 (and potentially Phase 2/3) at the Port of Brownsville, Texas; competing for long-term SPA customers and project finance in the same US LNG export market.
Others
- Kimmeridge Energy Management: PE sponsor of parent company Caturus and therefore the controlling investor behind Commonwealth LNG; relevant for understanding parent ownership structure and capital allocation.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Commonwealth LNG social profiles
Digital presenceCommonwealth LNG compliance and trust
Trust signalCompliance1 record
Commonwealth LNG financial estimates
Financial estimateRevenue estimate
Valuation estimate
Commonwealth LNG leadership team
Management profileNumber of profiles
Profiles2 records
Commonwealth LNG funding detail
Funding detailFunding overview
Funding rounds2 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Commonwealth LNG M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Commonwealth LNG
What does Commonwealth LNG do?
Commonwealth LNG is developing a 9.5 million tonnes per annum (Mtpa) liquefaction and export facility on the west bank of the Calcasieu Ship Channel near Cameron, Louisiana. The facility features Technip Energies' SnapLNG modular liquefaction solution deployed across six identical trains and five 50,000 cubic meter LNG storage tanks, capable of accommodating vessels up to 216,000 cubic meters. The project sells LNG under 20-year Sale and Purchase Agreements with major global energy counterparties (EQT, Glencore, Mercuria, PETRONAS, Aramco Trading) covering 8 of 9.5 Mtpa of permitted capacity, with operations targeted to begin in 2030.
Is Commonwealth LNG a public or private company?
Commonwealth LNG is a private company. It is classified as private equity controlled and is currently operating.
When was Commonwealth LNG founded?
Commonwealth LNG was founded in 2023. It employs 11 to 50 people.
Where is Commonwealth LNG based?
Commonwealth LNG is headquartered in Houston, United States, in the North America region.
How does Commonwealth LNG make money?
Two revenue lines are on record. LNG Export Sales are the primary driver. The others are natural Gas Production.
Who are Commonwealth LNG's main competitors?
Emerging players on record are Excelerate Energy and New Fortress Energy. Direct peers are Energy Transfer, Cheniere Energy, Venture Global LNG, Tellurian, Freeport LNG, Sempra Infrastructure and NextDecade. Kimmeridge Energy Management is listed as an others.
Does Commonwealth LNG have an API?
No public API is recorded for Commonwealth LNG.
What industry is Commonwealth LNG in?
Commonwealth LNG's product category is LNG Export. Its primary akta.pro industry code is EUALAFAA, LNG Liquefaction Plants (Onshore & FLNG), with a secondary code of EUAAACAE, LNG Liquefaction (Export Terminals). Its NAICS code is 48621 and its SIC code is 4922.