Commonwealth LNG Signs 20-Year SPA with Asian Buyer

Commonwealth LNG has signed a 20-year sales and purchase agreement with an unnamed major Asian energy corporation, securing the supply of 1 million metric tons of liquefied natural gas annually from its planned 9.5 MTPA facility in Cameron, Louisiana. The deal marks a significant milestone as the company moves toward a final investment decision later this year, with first LNG offtake expected in 2029. The buyer is described as one of the world's leading energy corporations and a top global LNG supplier, though Commonwealth did not disclose the name. The project is anticipated to bring over $11 billion in investment to Louisiana, generate $3.5 billion in annual export revenue, employ about 2,000 construction workers at its peak, and create approximately 275 permanent jobs when operations begin. The agreement’s effectiveness is contingent on meeting customary conditions, including a positive final investment decision. This new deal follows the recent termination of previous agreements with Woodside Energy.