- Commonwealth LNG requests a four-year extension to complete its Cameron Parish LNG export facility, moving the deadline from 2027 to 2031.
- Delays stem from a regulatory pause under the previous administration, which impacted the project’s original schedule.
- The company has sold 5 mtpa of its planned 9.5 mtpa capacity and is negotiating the remaining volumes ahead of a final investment decision in 2025.
- Major buyers include EQT, Glencore, JERA, and PETRONAS, while the developer plans to retain 2 mtpa for trading.
Commonwealth LNG has requested a four-year extension from federal regulators to complete construction and begin operations at its proposed liquefied natural gas (LNG) export facility in Cameron Parish, Louisiana. The company cited delays caused by a regulatory pause under the previous administration as the main reason for the extension, which would push the project’s deadline from November 2027 to December 2031, according to a filing with the Federal Energy Regulatory Commission, as reported by gCaptain.
Commonwealth LNG has already secured long-term agreements for 5 million metric tons per annum of its planned 9.5 mtpa capacity, with ongoing negotiations to finalize the remaining volumes. Achieving a full subscription is a critical step before making a final investment decision (FID), which the company anticipates by 2025. The developer, Kimmeridge, plans to retain 2 mtpa for trading purposes, while sales agreements have been signed with major industry players including EQT, Glencore, JERA, and PETRONAS. The Federal Energy Regulatory Commission (FERC) noted that if any objections arise to the extension request, it aims to issue a decision within 45 days.
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Source: gCaptain
