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The corporation has formalized final approval of the project for the Caturus terminal, and Mubadala Energy has approved financing for the LNG export plant in Louisiana, located in Cameron Parish, Louisiana.
Approval of financing for LNG exports
Regarding the operation’s financial strength, total commitments reached $21.25 billion from institutional debt and equity investors. This strong response from the financial market enabled the successful close of $9.75 billion dedicated exclusively to construction of the plant.
Interest in this development lies mainly in its cost competitiveness and high operating efficiency. The platform has strategic equity backing from global firms such as Mubadala Energy, which holds a 24.1% stake, Kimmeridge, and the Canada Pension Plan Investment Board, which increased its participation in the consortium to 31% through a $1.2 billion injection.
Aligned with this corporate strength, the commercial structure of the future terminal is supported by long-term global supply contracts. Commitments have been signed with leading industrial firms such as EQT, Glencore, Mercuria, PETRONAS and Aramco Trading. The start of operations for the first phase is firmly projected for 2030. From that period onward, annual revenues are estimated to exceed $3 billion from international liquefied gas marketing, strengthening the international consortium’s cash flow.
The plant will have a design capacity set at 9.5 million tonnes per year. The main contractor selected for equipment procurement and modular engineering is Technip Energies. The plant will integrate advanced refrigeration technology through six mixed-refrigerant compressors supplied by Baker Hughes, which will be driven by high-efficiency LM9000 gas turbines.
Likewise, the facility will feature Honeywell cryogenic systems and Solar Turbines turbogenerators, enabling efficient berthing and loading of LNG carriers with maximum capacities of up to 216,000 cubic meters.
Under this vertically integrated approach, Caturus is solidly positioned in the North American market by unifying its upstream exploration and production activities with direct liquefaction for export.
This pragmatic strategy of operational control was substantially strengthened following the recent integration of the production areas of Galvan Ranch. Currently, the company’s net production volume exceeds 1 billion cubic feet equivalent per day. This operating scale firmly places the organization within the select group of the ten largest private natural gas producers in the United States.
Source and photo: Mubadala Energy