Caturus, an independent integrated natural gas and LNG company, has announced the signing of a Sale and Purchase Agreement between Commonwealth LNG and Aramco Trading, a subsidiary of Saudi Aramco. Under the SPA, Aramco Trading will purchase 1 million tonnes per annum of LNG from the Commonwealth LNG export facility currently under development on the Gulf Coast in Cameron Parish, Louisiana.
David Lawler, CEO of Caturus, welcomed the new partnership. “We’re pleased to welcome Aramco Trading among an expanding group of prominent international customers who have entered into offtake contracts from the Commonwealth LNG facility,” he said. “This agreement highlights the strong international demand for U.S. LNG and underscores how our longstanding relationships and capabilities position Caturus to serve global markets.”
Lawler added that the contract demonstrates the differentiated value Caturus can deliver through its global reach in offering wellhead-to-water services.
Mohammed K. Al Mulhim, president & CEO of Aramco Trading, emphasised the strategic importance of the agreement. “This agreement reflects Aramco Trading’s efforts to secure a reliable, long-term energy supply for global markets while strengthening our presence in the LNG sector,” he said. “Our contract with Commonwealth LNG allows us to diversify supply sources, strengthen energy security, and deliver value across the entire energy chain.”
Commonwealth LNG is advancing toward a final investment decision with visibility to secure its remaining capacity. Aramco Trading joins Glencore, JERA, PETRONAS, Mercuria, and EQT among international energy companies that have entered into long-term offtake contracts with the platform.
Commonwealth’s Phase 1 development is expected to generate approximately $3.5 billion in annual export revenue. The project is anticipated to employ approximately 2,000 workers at the peak of construction and provide approximately 300 full-time jobs when the facility begins operations in 2030. Technip Energies, a world leader in modular engineering, design, and delivery of LNG projects, is providing engineering, procurement, and construction services.
The SPA will become fully effective upon the satisfaction of customary conditions, including an affirmative final investment decision on the Commonwealth LNG project.
For more information visit www.caturus.com
