#United States #Houston #Commonwealth LNG #Caturus #Aramco Trading

Caturus and Aramco Trading Americas Forge Long-Term LNG Supply Agreement

Caturus, an independent and integrated natural gas and LNG player, has recently made headlines with the announcement of a significant Sale and Purchase Agreement (SPA) with Aramco Trading, a key subsidiary of Saudi Aramco. This collaboration is particularly noteworthy as it marks a 20-year commitment, highlighting the crucial role of liquefied natural gas (LNG) in today’s global energy landscape.

Agreement Details

The signed agreement stipulates that Aramco Trading will secure an impressive one million tonnes per annum (Mtpa) of LNG from Caturus' Commonwealth LNG export terminal, which is currently under development in Cameron Parish, Louisiana. This facility is strategically situated on the Gulf Coast, making it an ideal hub for natural gas exports to international markets.

David Lawler, CEO of Caturus, expressed that the addition of Aramco Trading to their list of international clients reflects the increasing global appetite for U.S. LNG. This SPA stands as a testament to the robust demand that exists in the international energy sector. Lawler emphasized the value Caturus brings through its established relationships and capabilities, allowing them to meet the needs of global markets effectively.

Mohammed K. Al Mulhim, President and CEO of Aramco Trading, echoed this sentiment, stating that this agreement is pivotal in securing a stable, long-term energy supply to support the needs of the global marketplace. It strategically diversifies their sourcing options, thereby strengthening energy security across the board and enhancing the overall value along the entire energy supply chain.

Global Implications

The agreement arrives at a time when energy security is paramount, not only for the U.S. but for international stakeholders as well. The Commonwealth LNG facility is positioned to generate an estimated $3.5 billion in annual export revenue once it becomes operational. Moreover, the Phase 1 development of the project is expected to create around 2,000 job opportunities during peak construction periods, transitioning into approximately 300 permanent positions when the facility starts operations in 2030.

The engineering, procurement, and construction services for this ambitious LNG project are spearheaded by Technip Energies, a recognized leader in modular engineering and design.

Forward-Looking Statements

The SPA will come into full effect once customary conditions are met, notably including an affirmative final investment decision regarding the Commonwealth LNG project. As Caturus continues on this trajectory, they remain poised to play a critical role in shaping the future of energy supply.

In conclusion, the long-term agreement between Caturus and Aramco Trading signifies a pivotal moment in the LNG market, showcasing the interplay of international partnerships and the growing need for reliable energy sources. As the energy landscape evolves, collaborations like this will be essential in navigating both supply and demand in a rapidly changing world.

About Caturus

Caturus is on a mission to establish America’s leading integrated natural gas and LNG company, dedicated to delivering responsibly sourced, low-emission fuel to both domestic and international markets. Their operations encompass Caturus Energy, LLC, an upstream producer operating on over 250,000 net acres in Texas, along with the Commonwealth LNG project.

For more information, visit Caturus.

About Commonwealth LNG

Commonwealth LNG is focused on creating a top-tier LNG export terminal located near Cameron, Louisiana. With a commitment to safety and environmental standards, the team aims to build a facility that sets benchmarks in the industry.

Learn more at Commonwealth LNG.

About Aramco Trading

As the trading limb of Saudi Aramco, Aramco Trading handles a broad spectrum of commodities, including oil and gas, thereby maintaining a significant presence in the energy trading arena.

Explore more at Aramco Trading.