The Commonwealth of LNG sees a new interest after securing the export license

Written by Cortis Williams

Houston (Reuters) – The project owner said on Monday that the LNG Commonwealth witnessed an increase in the interest from potential buyers because it had a license from US President Donald Trump’s administration last month, the project owner said on Monday.

The US Department of Energy granted a LNG export license for the LNG project in Louisiana in February, which is the first approval of LNG exports after former President Joe Biden stopped early last year for environmental review.

“I took … approval a lot of risks off the table for buyers and this is something we were waiting for for more than two years,” Ben Del, the administrative partner of the Energy Management Company, Reuters on the sidelines of the Serawik Energy Conference in Houston.

“And yes, I brought additional buyers to the market.”

Dell did not specify any new potential buyers.

Kimmeridge acquired Commonwealth Lng in June last year. The Commonwealth is developing a factory of 9.5 million metric tons annually (MTPA) LNG in Cameron, Louisiana.

The project currently contains approximately 8 million mccrolls of supply supplies either under the contract or under study, including 2.5 MTPA with Woodside Energy and 2 MTPA that Kimmeridge will keep for trade.

Del said that the Trump administration’s endeavor to definitions about imports from some commercial partners had created uncertainty because the Commonwealth plans to the source of some of its building materials from abroad.

“In our budget, we have always had a line in the line for definitions, so it is really related to understanding where we want the source of our products to change any materials in the project,” Del told Reuters.

(Participated in the reports of Cortis Williams in Houston; edited by Nia Williams)