Caturus Secures 20-Year LNG Offtake Agreement with Aramco Trading for Louisiana Export Facility

The recently signed Sale and Purchase Agreement between Caturus and Aramco Trading Americas LLC establishes a substantial 20-year commitment for the supply of liquefied natural gas. Specifically, Aramco Trading will acquire 1 Mtpa of LNG from the Commonwealth LNG export facility, which is strategically located on the U.S. Gulf Coast in Cameron Parish, Louisiana. This agreement is a pivotal development for the Commonwealth LNG project, which is currently under development and is slated to begin operations in 2030, contingent upon the satisfaction of customary conditions, including an affirmative final investment decision (FID).

This long-term offtake contract highlights the increasing global reliance on U.S. LNG exports, reinforcing the Gulf Coast's position as a critical hub for international energy supply. Caturus CEO David Lawler emphasized that the agreement reflects strong international demand for U.S. LNG, showcasing the company's capabilities in serving global markets through its integrated "wellhead to water" services. The deal not only secures a significant portion of the Commonwealth LNG facility's future output but also validates the project's commercial viability as it moves closer to its FID.

For Aramco Trading, the subsidiary of Saudi Aramco, this agreement represents a strategic move to enhance its presence in the global LNG sector and diversify its energy supply portfolio. Mohammed K. Al Mulhim, Aramco Trading President & CEO, stated that the contract with Commonwealth LNG allows them to strengthen energy security and deliver value across the entire energy chain by securing a reliable, long-term energy supply for global markets. This diversification is particularly noteworthy for a company traditionally associated with crude oil, signaling a broader strategic pivot towards natural gas and LNG within the global energy landscape.

The Commonwealth LNG project, with a total planned capacity of 9.5 Mtpa, is actively advancing towards its final investment decision, with Caturus indicating line of sight to secure its remaining capacity. Aramco Trading joins a distinguished group of international energy companies that have already entered into long-term offtake contracts with the platform, including Glencore, JERA, PETRONAS, Meruria, and EQT. This collective commitment from diverse global players underscores the project's attractiveness and the perceived stability of U.S. LNG as a long-term energy solution.