Mubadala Energy has joined a group of investors in a $9.75 billion project financing package for Centaur’s Commonwealth LNG export facility in Louisiana. Moreover, the transaction includes participation from US alternative asset manager Kimmeridge and Canada’s CPP Investments, reflecting strong institutional interest in LNG infrastructure.
The new export facility will have a production capacity of 9.5 million tonnes per annum. Additionally, Mubadala Energy, which holds a 24.1% stake in the Caturus platform, is participating as an equity investor in the project financing.
Following the funding commitments, Caturus can now begin construction of the facility. Furthermore, the project has secured total commitments of $21.25 billion from equity and debt investors, strengthening its funding base.
Project outlook supported by offtake agreements
Phase 1 of the development is expected to generate more than $3 billion in annual export revenue once operations begin in 2030. Moreover, the project has secured long-term offtake agreements with a diversified group of global energy and industrial counterparties, including EQT, Glencore, Mercuria, Petronas and Aramco Trading.
Additional investors expand financing base
Other financial participants in the project include EOC Partners, funds and accounts managed by BlackRock, and an Ares Infrastructure Opportunities fund. As a result, the financing structure reflects broad investor participation across global capital markets.
