An Abu Dhabi sovereign wealth fund committed to a significant investment in Kimmeridge Energy Management’s $13 billion LNG export terminal.
The Commonwealth LNG project is located on the Calcasieu Ship Channel along the U.S. Gulf Coast.
The facility will produce approximately 9.5 million tons of liquefied gas annually.
This output represents roughly 7% of current total U.S. export capacity.
Global supply chain disruptions and instability involving Iran drove the strategic investment.
The deal provides a financial boost to ensure international energy security through new LNG sources.