Commonwealth highlights its project’s proximity to gas transport infrastructure as a particular advantage
Commonwealth banks on modular approach
US developer aims to beat any Gulf Coast labour crunch through offshoring
Prospective US exporter Commonwealth LNG sealed two SPAs in September with Australia’s Woodside. The first is for 2mn t/yr for 20 years from Q2 2026, albeit with the option to reduce volumes should the seller find other offtakers. The second gives Woodside an option to purchase an additional 0.5mn t/yr. Just four days later, the project received its final environmental impact statement (EIS) from US energy regulator Ferc. The Woodside deals take Commonwealth a quarter of the way or more to the 8mn t/yr that it needs to take FID, which is targeted at somewhere around the middle of next year, and further deals are on the horizon over the next six months. Perhaps unsurprisingly, CEO Paul Varell
Also in this section
13 November 2025
The new federal government appears far more supportive of oil and gas than former prime minister Justin Trudeau’s climate-focused administration, but the prospects look better for the latter hydrocarbon
12 November 2025
The November 2025 issue of Petroleum Economist is out now!
10 November 2025
The Russian firm made a significant attempt to expand overseas over the past two decades but is now trying to divest its global operations
10 November 2025
OPEC+ has proven to be astute at bringing back oil production, but mysteries around Chinese buying, missing barrels and oil-on-water have left the group in wait-and-see mode
