LNG

KBR, the US energy and LNG engineering company, said it was awarded a contract by Toronto-listed Pieridae Energy for a two-Train export facility at Goldboro in the Canadian Atlantic Coast province of Nova Scotia as the German-backed venture moves closer to its final investment decision.

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.

The Goldboro LNG export plant in the Atlantic Coast Canadian province of Nova Scotia, with plans to ship cargoes to Europe, has been given the final go-ahead by the Nova Scotia Utility and Review Board after previously receiving its environmental approval.

A review board in the Canadian province of Nova Scotia has cancelled a hearing on whether the Goldboro LNG export project being developed by Calgary, Alberta-based Pieridae Energy should consult with native North American First Nations.

Pieridae Energy, the Canadian company developing the Goldboro LNG project in the Canadian Atlantic Coast province of Nova Scotia, has announced management and board changes as it advances with its plans for exports to Europe.

Pieridae Energy, the Canadian company developing the Goldboro LNG project in the Atlantic Coast province of Nova Scotia, has posted widening losses at it advances with its plans for a Nova Scotia LNG export plant targeting European customers.

May 8 (LNGJ) - Nova Scotia LNG export plant developer Pieridae Energy said it signed an accord to negotiate a binding liquefied natural gas sale and purchase agreement (SPA) to supply cargoes to Europe from the second liquefaction Train at its proposed Goldboro liquefaction facility in the Canadian Atlantic Coast province. The Pieridae-led Nova Scotia project previously signed a supply agreement with German utility Uniper. Under the preliminary accord with another potential buyer, Pieridae said it involved up to 1 million tonnes per annum for 10 years starting in 2023. “After having contracted the entire output from Train 1 with Uniper, this agreement moves Pieridae another step closer to the final investment decision on Train 2, which would bring much-needed jobs and other economic benefits to Nova Scotia and Canada,” said Alfred Sorensen Chief Executive of Pieridae.

Pieridae Energy, the Canadian company developing the Goldboro LNG project in the Atlantic Coast province of Nova Scotia, has retained bankers to raise US$10 billion in equity and project financing.

Pieridae Energy of Canada has ratified labour agreements to secure building trade workers for its Goldboro liquefied natural gas export plant in the Atlantic province of Nova Scotia.

In a bid to reduce dependence on Russian gas, parliamentarians in Berlin are backing €2 billion in untied loan guarantees to help E.ON secure LNG from Canada's Goldboro venture and other long-term deals from projects in emerging markets.