Commonwealth LNG approves $13 billion export project in Louisiana

Summary

Commonwealth LNG has approved a $13 billion investment for a liquefied natural gas export facility in Louisiana, with a capacity of 9.5 million tons annually. The project is backed by Kimmeridge, Mubadala Energy, and the Canada Pension Plan Investment Board, and is expected to generate over $3 billion in annual export revenue starting in 2030. The final investment decision includes $9.75 billion in project financing and marks the start of full construction.

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