The approximately $4 billion Commonwealth LNG export terminal is expected to reach final investment decision and get final federal approval by the first quarter of 2021 and start operations by early 2024, officials said on Wednesday.

Scott Ray, Commonwealth LNG vice president, told Gulf Coast Industrial Group members that each of the facility’s six liquefaction trains will be capable of producing 1.4 million tons of LNG per year, or a total of 8.4 million tons annually. The project site is located on 400 acres in Cameron Parish at the west bank of the Calcasieu Ship Channel at the Gulf of Mexico.