Caturus to start construction of major US LNG facility after securing $9.75 billion

By Curtis Williams

- U.S.-based Caturus has given the go-ahead to build a massive liquified natural gas (LNG) facility in Cameron Parish, Louisiana, after raising $9.75 billion in financing for the plant's construction, according to a statement from Mubadala Energy on Friday.

Mubadala Energy, an arm of one of Abu Dhabi's sovereign wealth funds, holds a 24.1% stake in Caturus and was also an equity participant in the project's financing.

The LNG export facility will have a capacity of 9.5 million tons per annum.