COMMONWEALTH LNG RECEIVES CONDITIONAL NON-FTA EXPORT AUTHORIZATION FROM DOE AND DRAFT SUPPLEMENTAL ENVIRONMENTAL IMPACT STATEMENT FROM FERC

Key regulatory milestones pave way for final investment decision in September 2025; first LNG production expected in Q1 2029

HOUSTON and NEW YORK, Feb. 14, 2025 /PRNewswire/ -- Commonwealth LNG ("Commonwealth") today announced it has received a conditional non-free trade agreement (non-FTA) export authorization from the United States Department of Energy (DOE), and separately received its draft Supplemental Environmental Impact Statement (SEIS) from the Federal Energy Regulatory Commission (FERC). These actions represent significant milestones in Commonwealth's development of its 9.5 million tonnes per annum liquefied natural gas (LNG) facility in Cameron Parish, Louisiana.

"With these decisions in hand, subject to a FERC Final Order, which we expect in July 2025, and DOE final authorization, Commonwealth anticipates reaching a final investment decision in September 2025, with first LNG production expected in Q1 2029," said Commonwealth CEO Farhad Ahrabi. "Today's actions demonstrate that President Trump is prioritizing the American energy industry and we are both pleased and grateful to have achieved these important regulatory objectives."

Ben Dell, Managing Partner of Kimmeridge Energy Management and Chairman of Commonwealth, said: "Commonwealth welcomes the issuance of the draft SEIS by FERC and the Department of Energy's informed decision, and shares the Trump Administration's vision for responsible energy diplomacy. These milestones advance our commitment to developing a state-of-the-art LNG export facility that will strengthen energy security for our allies, while prioritizing environmental stewardship and creating lasting value for local communities. The Commonwealth export facility is expected to unlock approximately $11 billion in investments in Louisiana and an estimated $3.5 billion in annual export revenue, unleashing American energy, utilizing approximately 2,000 workers at the peak of construction and providing 270 high-paying jobs when the facility begins operations. We also look to pave the way for vital improvements to community healthcare, education and critical infrastructure."

Commonwealth is pioneering an integrated wellhead-to-water strategy in partnership with its upstream operating entity to deliver low cost, low-emission gas to the global market, which is seeking supply from trusted trading partners. 

About Commonwealth LNG
Commonwealth LNG is a 9.5 mtpa liquefied natural gas (LNG) export terminal project located on the Calcasieu River at the Louisiana near the community of Cameron.  The project's leadership team is committed to building a world-class LNG facility by staying relentlessly focused on managing risk and lowering cost.

About Kimmeridge
Founded in 2012 by Ben Dell, Dr. Neil McMahon and Henry Makansi, Kimmeridge is an alternative asset manager focused on the energy sector. The firm is differentiated by its direct investment approach, deep technical knowledge, active portfolio management, proprietary research and data gathering.

Media Contacts:
Daniel Yunger / Hallie Wolff / Emma Cloyd
Kekst-Kimmeridge@kekstcnc.com
917.574.8582 / 917.842.1127

Lyle Hanna
VP, Corporate Communications, Commonwealth LNG
346.352.4436 

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SOURCE Commonwealth LNG