Louisiana LNG project is moving forward

• "Buyers had a view that Qatar's flow never gets disrupted," Kimmeridge managing partner Ben Dell tells Axios. "Obviously, that's gotten thrown out in recent weeks, so buyers now want more diversification and created some more incremental demand."

The big picture: Commonwealth is expected to become one of the five largest LNG exporters in the U.S., with operations to begin in 2030.

Zoom in: Caturus has secured another $9.75 billion in project financing from Mubadala, CPP Investment Board, EOC Partners, BlackRock and Ares Management.

• Dell says that the Iran situation didn't impact investment from UAE-based Mubadala, which has been a longterm partner on the project.