Mubadala Energy Joins $13 Billion US LNG Project, Strengthening Global Gas Expansion Strategy

Mubadala Energy has strengthened its global energy footprint by joining the $13 billion Commonwealth LNG project in the United States, marking a significant milestone in cross-border investment in clean energy transition fuels.

The large-scale LNG development is located in Cameron Parish, Louisiana, and is being developed by Caturus. The project recently reached a final investment decision (FID), enabling construction to move forward. Once completed, the facility is expected to produce around 9.5 million tonnes per annum of liquefied natural gas, with operations targeted to begin by 2030.

The project has attracted strong international backing, with Mubadala Energy partnering alongside major institutional and energy investors including Kimmeridge and the Canada Pension Plan Investment Board (CPP Investments). The financing structure reflects robust market confidence, with secured funding of approximately $9.75 billion supporting the development.

As part of its long-term strategy, Mubadala Energy continues to expand its presence across the global gas value chain, focusing on strategic assets that support long-term energy demand growth. The Commonwealth LNG project also benefits from multiple long-term offtake agreements with global energy players such as EQT, Glencore, Mercuria, PETRONAS, and Aramco Trading.

Once operational, the LNG terminal is expected to generate substantial export revenues and further reinforce the United States’ position as a key supplier in the global LNG market. The investment underscores rising international confidence in large-scale U.S. energy infrastructure projects and highlights the growing importance of LNG in ensuring global energy security and supply diversification.