LNG

Pieridae Energy, developer of the German-backed Goldboro LNG export project in the Canadian province of Nova Scotia, has entered into agreements for a private placement of shares with a group of banks and brokers and two other transactions to raise some funding.

LNG Ltd, the Australian-based developer of two North American export projects, said both ventures in the US state of Louisiana and in the Canadian province of Nova Scotia were more viable than ever before and would be moving forward in a period of rapid expansion for the industry.