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Mubadala Energy-backed Catarus Raises $9.8 Billion Financing for US LNG Project

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Mubadala Energy said Friday that Catarus raised $9.8 billion in project financing for a liquefied natural gas export facility in Louisiana, US, and will launch its construction.

The Abu Dhabi-based company, which holds a 24.1% stake in the US exploration and production company, also provided equity in the project's financing, alongside its partners ​Kimmeridge and Canada Pension Plan Investment Board.

Catarus also secured long-term offtake agreements with global energy and industrial companies, including EQT (EQT.ST), Glencore (GLEN.L, GLN.JO), Mercuria, Petronas, and Saudi Arabian Oil Co.'s (SASE:2222) Aramco Trading.

The Commonwealth LNG plant will have a capacity of ​9.5 million tonnes per annum and is expected to start operations in 2030.

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