Abu Dhabi’s sovereign wealth arm has joined a U.S. consortium to fund a $13bn liquefied natural gas export hub in Cameron Parish, Louisiana. Energy group Caturus will unveil financing that totals $9.75bn for the Commonwealth LNG facility, which aims to ship 9.5 million tonnes annually. The deal pairs Mubadala Energy with investors such as Kimmeridge, CPP Investments and BlackRock, signalling confidence in U.S. fossil‑fuel projects.

The Iran‑driven closure of the Strait of Hormuz has forced buyers to diversify away from Middle‑East cargoes, accelerating demand for U.S. LNG. Analysts at Rapidan Energy project U.S. export capacity to hit 241 million tonnes by 2035, a rise driven by projects like Commonwealth LNG, Delfin and Texas LNG. Mubadala’s stake reflects a broader wave of Gulf capital chasing what it sees as a long‑term, high‑growth market.

Long‑term offtake agreements with Aramco Trading, Glencore, Mercuria and Petronas are expected to generate roughly $3 billion of annual revenue once the plant reaches commercial operation in 2030. Louisiana’s congressional delegation, led by Speaker Mike Johnson, touts the project as proof of the Republican agenda’s energy dominance. The financing package locks in a significant new source of U.S. LNG supply for the next decade.