ERROR - [JSC_JS_MODULE_LOAD_WARNING] Failed to load module "util"

## Context

I would like to compile a node based project which dependencies include `util` and other node builtins.

However, the compiler won't load them despite using the `--process_common_js_modules` and `--module_resolution NODE` flags. Every other dependencies is loaded properly with `--js`.

My understanding was that, by using `--externs` and `--output_wrapper` (or `--output_wrapper_file`), the compiler would inject and use them as global variables within the final output. I've used [@externs/nodejs](https://www.npmjs.com/package/@externs/nodejs) to that effect.

Following here is a very basic failing setup:

## Setup

### Compiler
``` sh
npm i -D google-closure-compiler
# + google-closure-compiler@20201006.0.0
```

> I also tried `google-closure-compiler@20191111.0.0` from a year ago in case it would be related to the latest version.

### Source

```javascript
const util = require('util')

console.log('it works...')

module.exports = {}
```

### Command

```sh
google-closure-compiler index.js --process_common_js_modules --compilation_level ADVANCED --module_resolution NODE
```

### Error

```sh
index.js:1:13: ERROR - [JSC_JS_MODULE_LOAD_WARNING] Failed to load module "util"
1| const util = require('util')
^

1 error(s), 0 warning(s)
```

## Question

Is my initial assumption correct? Or is it not possible to compile with node builtins.
If yes, could you help out with the configuration?