From Yahoo Finance: 2025-05-06 07:10:00

Commonwealth LNG secures a 20-year deal with an Asian energy corporation for 1 million tonnes per annum of LNG from their Louisiana facility. The agreement hinges on a final investment decision and aims for operation in 2029, injecting $11bn into Louisiana’s economy and creating 2,000 jobs during construction.

Kimmeridge’s Commonwealth LNG project in Louisiana is set to provide a substantial economic boost, generating $3.5bn in annual export revenue and employing 2,000 workers during construction. The agreement with the Asian buyer marks a significant milestone as the project moves towards final investment and operation in 2029, delivering LNG to global markets.

The Commonwealth LNG project, owned by Kimmeridge SoTex Holdco, is poised to bolster Louisiana’s economy with over $11bn in investments and 2,000 jobs during construction. The 20-year agreement with the Asian energy corporation highlights the project’s progress towards delivering LNG to critical markets worldwide.

Kimmeridge’s involvement in the Commonwealth LNG project in Louisiana is expected to inject over $11bn into the state’s economy and create numerous job opportunities. The 20-year agreement with the Asian energy corporation underscores the project’s significance in meeting global LNG demand and boosting economic growth.

Petronas is reportedly in advanced discussions with Commonwealth LNG for a long-term supply agreement from the Louisiana facility, emphasizing the growing interest in LNG projects. The partnership aims to secure a minimum supply of 1mtpa, highlighting the increasing demand for responsible LNG production to meet global energy needs.

Read more: Commonwealth LNG signs 20-year LNG supply agreement with Asian energy company