Latest News

Commonwealth LNG obtains the final non-FTA Export Permit for Louisiana Facility

The U.S. Department of Energy has granted the final export authorization for Commonwealth LNG's export facility in Louisiana.

The United States is making an effort to consolidate its position as the largest exporter of LNG after replacing Qatar and Australia, who were previously LNG export leaders.

Soon after taking office, Donald Trump lifted the pause placed by the previous administration on the new LNG export permits in 2024. This was to allow for an assessment of the criteria of public interest.

The United States could triple their export capacity by 2030, with new projects currently under construction or awaiting financial approval and others that are expected this year.

Commonwealth is the first company that has obtained a LNG export license since the suspension during the Biden era.

The facility of the company in Cameron Parish (Louisiana) is designed to produce 9 million tonnes LNG per year. With

Both DOE approval and Federal Energy Regulatory Commission now in hand

Commonwealth intends to make its final investment decision by the fourth quarter 2025 and target first production in 2029.

LNG developers usually make a final decision on their investment once they have secured enough long-term contracts to finance construction.

Commonwealth has already signed long-term and binding agreements for the offtake of LNG with global energy companies Glencore, JERA, and PETRONAS, totaling 4 Mtpa. (Reporting and editing by Shinjini Ganguli, Tasim Zahid, and Vallari Srivastava from Bengaluru)

(source: Reuters)