LNG

Pieridae Energy, the Canadian exploration and production company and developer of the Goldboro LNG export project in Nova Scotia with German-backed funding and sales accords, reported a net loss in its latest earnings as it awaited the completion of an acquisition.

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.