Commonwealth LNG draws financing from 20 global banks

Commonwealth LNG draws interest from 20 global banks

HOUSTON, June 11, 2026 – Commonwealth LNG has secured financing commitments from 20 international financial institutions following a positive FID in May 2026 by project partners Caturus, Mubadala Energy and CPP Investments, Caturus said on Wednesday.

The financing package follows previously announced preferred equity funding and includes project finance-style debt, term loans and additional capital to support reserves and working capital requirements. The project is being developed by Caturus, an integrated natural gas and LNG company, through its Commonwealth LNG subsidiary in Cameron Parish, Louisiana.

The syndicate comprises international lenders from North America, Europe, the Middle East and Asia. RBC Capital Markets acted as debt financial advisor to Commonwealth LNG, while MUFG Bank served as debt financial advisor to the project’s HoldCo affiliate. Moelis & Company and MUFG Securities Americas acted as equity placement agents in the preferred equity financing.

Commonwealth LNG will have a liquefaction capacity of 9.5 million tonnes per year when the first phase of the development comes on stream in 2030, generating estimated annual export revenues of more than USD 3 billion.

Caturus is an independent integrated natural gas and LNG company whose portfolio includes Caturus Energy, an upstream operator that produces more than 28.3 mcm (1 bcf) per day across assets covering approximately 1,133 square kilometres in Texas.

Rendering courtesy of Commonwealth LNG

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