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
10 March 2026
Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
9 March 2026
Energy sanctions are becoming an increasingly prominent tool of US foreign policy, with the country’s growth in oil and gas production allowing it to impose pressure on rivals without jeopardising its own energy security or that of its allies, argues Matthew McManus, a visiting fellow at the National Center for Energy Analytics
6 March 2026
The March 2026 issue of Petroleum Economist is out now!
