Commonwealth LNG said on Wednesday it has received a final order from the Federal Energy Regulatory Commission authorizing its 9.5 million tonnes per annum liquefied natural gas export project on the Calcasieu Ship Channel in Louisiana.
The FERC final order follows a conditional non-free trade agreement export authorization granted by the U.S. Department of Energy, enabling Commonwealth to target a final investment decision (FID) later this year.
The project aims to begin LNG production by 2029 and has gained traction through binding long-term agreements with global buyers such as Glencore, Japan’s JERA, and Malaysia’s Petronas.
Commonwealth’s partnership with Petronas involves a 20-year agreement for sustainable LNG supply.
The facility is projected to generate approximately $11 billion in investments in Louisiana and $3.5 billion in annual export revenue, while creating 2,000 construction jobs at its peak and 270 permanent roles once operational.
(Reporting by Anjana Anil and Anmol Choubey in Bengaluru; Editing by Sandra Maler and Sonali Paul)