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Commonwealth LNG Signs 20-Year Sale and Purchase Agreement with Major Asian Buyer
May 05, 2025•about 1 year ago
Contract Type
agreement
HoustonEnergyOil And Gas
Description
Commonwealth LNG has signed a 20-year Sale and Purchase Agreement with a major Asian energy company. Under the agreement, the Buyer will purchase 1 million tonnes per annum (mtpa) of LNG for 20 years from Commonwealth's 9.5 mtpa facility currently under development in Cameron, Louisiana. The project is expected to bring an investment of more than $11 billion to Louisiana and generate an estimated $3.5 billion in annual export revenue.
Company Information
Company
Commonwealth LNG
Location
Houston, Texas, United States
About
Commonwealth LNG is a 9.5 Mtpa permitted liquefied natural gas (LNG) export terminal project on the U.S. Gulf Coast near Cameron, Louisiana. The Commonwealth LNG team is committed to developing and operating a world-class LNG facility by staying relentlessly focused on managing risk and lowering capital cost. This is achieved by employing a fully modular design and construction approach for its liquefaction trains and auxiliary equipment. This results in a platform that enables the competitive delivery of LNG to any market under more flexible contract terms.
HoustonEnergyOil And Gas