Commonwealth LNG ("Commonwealth"), a Kimmeridge portfolio company, announced a comprehensive package of community support initiatives for Cameron Parish, Louisiana, the future site of Commonwealth's LNG export terminal, which is anticipated to begin construction in the first half of 2025. Commonwealth's community investments will focus on providing critical healthcare infrastructure and educational opportunities for local residents.
Healthcare Initiatives
As part of its community investment plan, Commonwealth will donate a $450,000 mobile healthcare unit to the Lower Cameron Hospital Service District and commit long-term funding to help rebuild South Cameron Memorial Hospital following Hurricane Laura. The mobile healthcare unit will address the immediate healthcare needs of Cameron Parish residents, workers, tourists, and volunteers while site preparation and construction commence on the new hospital. Commonwealth will help cover the upfront costs of rebuilding the new hospital, addressing the gap between construction expenses and reimbursement from the U.S. Federal Emergency Management Agency.
Educational Initiatives
Commonwealth also announced three significant educational contributions:
A $200,000 foundational grant to Cameron Parish School Board to launch the Explorer Program, funding student travel to participate in leadership skills training programs and/or enrichment opportunities in science, technology, engineering or math
A $200,000 endowment for college tuition scholarships at SOWELA Technical Community College
A $200,000 endowment for college tuition scholarships at McNeese State University
These initiatives aim to improve access to career-building leadership training and higher education opportunities for students in the region.
Farhad Ahrabi, Commonwealth President and CEO, said, "Commonwealth is focused on making investments in the region that go far beyond our business operations. We are committed to being long-term partners in the development and well-being of our neighbors. By supporting immediate healthcare needs and long-term educational opportunities, we aim to contribute to a thriving, sustainable future for our host community of Cameron and its surrounding region for generations to come."
