LNG

Pieridae Energy, developer of the German-backed Goldboro LNG project in the Canadian Atlantic province of Nova Scotia, has had its shares suspended on the Toronto stock market pending a material announcement.

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.

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.

Sept 17 (LNGJ) - Pieridae Energy of Canada, developer of the Goldboro LNG export project in the Atlantic coast province of Nova Scotia to supply German customers, has named Melanie Litoski as its Chief Financial Officer from the start of October. Litoski succeeds Mario Racicot who has just retired from the post. Alfred Sorensen, Chief Executive of Pieridae and who is himself a chartered accountant, said he would assume the responsibilities of the CFO during the interim period until September 30. “We are pleased to welcome Melanie to our leadership team. She has extensive financial, operational and strategic experience which will be instrumental in advancing the upcoming phases of our projects,” said Sorensen.

Pieridae Energy, the developer of the Goldboro LNG export project in the Canadian Atlantic Coast province of Nova Scotia, has posted widening second-quarter losses as it progresses with the venture that includes selling cargoes to German utility Uniper.

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.