Caturus to break ground on major US LNG plant after securing $9.75 billion
US gas exporter Caturus has closed a $9.75 billion financing package and will begin construction on a major liquefied natural gas plant. The deal expands America's LNG export capacity at a time of strong demand from Europe and Asia.
Caturus said it has closed $9.75 billion of project financing for a large liquefied natural gas facility on the US Gulf Coast. Construction will begin within weeks, with the first cargo targeted for 2029.
The debt package was raised from a consortium of US banks, private credit funds and international lenders. Caturus said it had locked in much of the plant's output through 20-year offtake contracts with utilities in Europe and Asia.
The project cements the United States' position as the world's largest LNG exporter at a time when European buyers are hunting for alternative supply during the Iran war. It also dovetails with the Trump administration's effort to sell more US energy to China, a topic discussed at this week's Beijing summit.
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