Abu Dhabi Fund, Kimmeridge Greenlight $13 Billion LNG Site

An Abu Dhabi sovereign fund is investing in a $13 billion liquefied natural gas export terminal being developed on the US Gulf Coast by Kimmeridge Energy Management Co., as the Iran war upends global supplies of the fuel.

Mubadala Energy will provide equity financing for the Commonwealth LNG project in Louisiana, according to a statement by Kimmeridge’s company Caturus. The facility received a final investment decision that involves $9.75 billion in project financing, putting it on track to move forward with construction and start operations by 2030.