Technip Energies said in a statement that the contract is worth more than 1 billion euros ($1.16 billion).
The contract covers the delivery of six identical liquefaction trains using Technip Energies’ SnapLNG by T.EN modular and scalable solution.
By leveraging a single design replicated across all six trains, SnapLNG enables schedule acceleration and cost optimization, while offering greater predictability and certainty at scale, Technip Energies claims.
The award follows the successful completion of the front-end engineering and design (FEED) phase by Technip Energies.
Technip Energies said this award is pending a final investment decision (FID) by Commonwealth LNG and will therefore not be included in its backlog until FID or full notice to proceed is achieved.
FID in H2 2025
Commonwealth LNG said in a separate statement that it anticipates FID on its LNG project in the second half of 2025 with LNG production commencing in 2029.
The company also said that the contract includes a limited motice to proceed.
In June, Commonwealth LNG received the Federal Energy Regulatory Commission’s final order upholding authorization for its planned LNG export project.
With the FERC final order in place and prior receipt of a conditional non-free trade agreement export authorization from the US DOE, Commonwealth anticipates reaching FID in the third quarter of this year, the company said after it received the order.
This year, the company announced long-term binding LNG offtake agreements with global purchasers, including Glencore, Jera, and Petronas.
Commonwealth expects its export facility to unlock approximately $11 billion in investments in Louisiana and an estimated $3.5 billion in annual export revenue, utilizing approximately 2,000 workers at the peak of construction and providing 270 jobs when the facility begins operations.
Besides these SPAs UAE’s Mubadala will take a stake in Kimmeridge’s Commonwealth under a deal announced in May.
Mubadala signed an agreement with Kimmeridge to acquire a 24.1 percent interest in the latter’s SoTex HoldCo via the issuance of new equity.
SoTex holds two portfolio companies: Kimmeridge Texas Gas, which operates an upstream unconventional gas business in the Eagle Ford in South Texas, and Commonwealth LNG.
In June 2024, Kimmeridge, via its affiliate KTG took a 90 percent stake in Commonwealth.
Before that, Commonwealth closed an investment of development capital from funds managed by Kimmeridge.
The two firms also agreed in principle on terms for a 20-year, 2 mtpa LNG offtake commitment from the facility along with the associated gas supply.
