LNG

Pieridae raises $50 mln for next phase of Goldboro LNG

Pieridae Energy has raised $50 million to support the next phase of its Goldboro LNG export project in the Canadian province of Nova Scotia.
By Staff reporter 13 September 2017 0 27565

Pieridae Energy has raised $50 million to support the next phase of its Goldboro LNG export project in the Canadian province of Nova Scotia, company President and Chief Executive Alfred Sorensen told the Guysborough Journal this week.

Sorensen said the funding will pay for work to meet the environmental conditions for the project and support engineering work needed to determine a final cost.

“Basically it allows us to get ready for FID,” Sorensen said, adding he hopes to make that step in March or...