By Reuters
Published: May 15, 2026 at 8:09 AM EDT
Caturus to Start Construction of Major U.S. LNG Facility
Caturus Energy has announced the commencement of construction on a major liquefied natural gas (LNG) facility in the United States after securing $9.75 billion in financing. The project, which has been in development for several years, is expected to significantly boost domestic LNG production and export capacity.
The financing package was secured from a consortium of international investors and financial institutions, reflecting strong global demand for U.S. natural gas. The facility, located on the Gulf Coast, will have an initial production capacity of 10 million tonnes per annum (MTPA), with plans to expand to 15 MTPA in subsequent phases.
Construction is expected to create thousands of jobs during the building phase and hundreds of permanent positions once operational. The project aligns with U.S. energy policy goals of increasing energy exports and supporting allied nations with reliable energy supplies.
Caturus CEO Maria Gonzalez stated, "This facility represents a milestone in our commitment to providing clean, reliable natural gas to markets around the world. We are grateful for the support of our investors and partners."
The facility will utilize advanced technology to minimize environmental impact, including carbon capture and storage systems. The company has also committed to using renewable energy sources for a portion of the plant's power needs.
Analysts note that the project comes at a time when global LNG demand is rising, driven by economic growth in Asia and Europe's efforts to diversify energy sources. The U.S. has become a leading exporter of LNG, and this facility will further cement its position in the global market.
Environmental groups have expressed concerns about the long-term implications of increased fossil fuel infrastructure, but Caturus has emphasized its commitment to sustainability and reducing emissions. The company plans to offset remaining emissions through verified carbon credits.
The facility is expected to begin operations in 2030, pending regulatory approvals and construction timelines.
