CAMERON, La. — Louisiana officials said the state has surpassed $100 billion in announced capital investment projects since January 2024 following a final investment decision on the proposed $13 billion Commonwealth LNG export facility in Cameron Parish.
Caturus announced the decision for the 9.5 million-tonnes-per-annum liquefied natural gas export terminal, which is expected to begin operations in 2030. State officials said the project is projected to generate more than $3 billion in annual export revenue once operational.
The facility will be located in southwest Louisiana’s Cameron Parish and is expected to support construction activity, permanent operations jobs and additional business opportunities for regional suppliers and contractors.
Gov. Jeff Landry said the state’s recent investment activity reflects broader industrial expansion efforts across Louisiana.
“Louisiana has always powered America, but today we are doing it at a scale and speed unlike anything in our history,” Landry said. “Projects like Commonwealth LNG are helping ensure that the next generation of economic growth and energy leadership runs directly through Louisiana.”
Ben Dell, managing partner of Kimmeridge and chairman of Commonwealth LNG, said the project is intended to strengthen U.S. energy exports and regional economic development.
“We wish to thank the Trump Administration, Secretary Wright and the Department of Energy, Governor Jeff Landry and the State of Louisiana, U.S. House Speaker Mike Johnson and all those who have recognized just how impactful Commonwealth will be for advancing U.S. energy leadership into the future while generating tremendous value for local communities in Louisiana,” Dell said.
Louisiana Economic Development Secretary Susan B. Bourgeois said the state’s recent investment announcements span sectors including energy, manufacturing, logistics, technology and advanced industry.
“With over $100 billion in announced investment, there is no doubt that this is Louisiana’s moment,” Bourgeois said. “Companies are choosing Louisiana because they see momentum, alignment and opportunity.”
Scott Walker, president and chief executive officer of the Southwest Louisiana Economic Development Alliance, said the Commonwealth LNG project further positions the region as a major global LNG hub.
“Projects like Commonwealth LNG reinforce not only Louisiana’s energy dominance and unprecedented job creation, but also the critical role Southwest Louisiana plays in strengthening America’s energy position globally,” Walker said.