S&C Advises Commonwealth LNG in Connection with Final Investment Decision for $13 Billion LNG Export Facility in Louisiana
Commonwealth LNG has made a significant final investment decision for a new LNG export facility in Cameron Parish, Louisiana, which will have a capacity of 9.5 million tonnes per annum. The project, which is estimated to cost $13 billion, has secured $9.75 billion in project financing, alongside additional equity investments from notable entities such as the Canada Pension Plan Investment Board, Mubadala Energy, and Ares Infrastructure Opportunities Fund. The facility will feature extensive natural gas treatment, processing, liquefaction, and gas liquid extraction capabilities, including six modular LNG trains and associated infrastructure. This project is a key part of Caturus’ strategy to provide reliable energy solutions with a lower carbon footprint to meet the growing global energy demand. The legal team from Sullivan & Cromwell advising on this transaction included experts in various fields, ensuring comprehensive support for the financing and development of the facility.