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A 90% interest in Commonwealth LNG, which is developing a proposed 9.3 million metric ton/year (mmty) natural gas export project in Louisiana, has been acquired by a unit of Kimmeridge Energy Management Co.
Eagle Ford Shale-focused Kimmeridge Texas Gas LLC (KTG), the infrastructure fund’s natural gas production firm, is boosting its equity ownership and will take the reins. The project partners expect to reach a final investment decision (FID) by the middle of 2025.
“We are excited to take a controlling interest in Commonwealth LNG as we integrate our business from wellhead to water,” and help to complete the liquefied natural gas export facility, Kimmeridge Managing Partner Ben Dell said.
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