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Commonwealth names SMBC its debt financial advisors

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LNG Industry,

Commonwealth LNG has announced that Sumitomo Mitsui Banking Corporation (SMBC) will serve as its debt financial advisors for a LNG export terminal on the west bank of the Calcasieu river in Cameron, Louisiana, US.

Commonwealth’s President and CEO, Paul Varello, said, “We are pleased to be partnered with this global financial leader as we move forward with our innovative LNG investment. SMBC’s experience and reputation in capital asset advice and management will help ensure the stability and predictability of our development project in southwest Louisiana.”

Nobuyuki Kawabata, CEO Americas Division, SMBC said, “SMBC is very happy to be associated with such an innovative project as Commonwealth LNG.”

Commonwealth LNG was accepted into the Federal Energy Regulatory Commission’s “pre-filing” process in August 2017. Current plans call for construction to begin as early as 2019, with operations to commence by 2022. At full capacity, Commonwealth LNG is expected to produce 9 million tpy of LNG.

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LNG project news US LNG news LNG export news