LNG

Pieridae will issue new equity to raise capital for Goldboro LNG

Pieridae Energy is looking to raise capital to build its Goldboro LNG project by issuing new equity
By Staff reporter 13 November 2018 0 33284

Pieridae Energy is looking to raise capital to build its C$10 billion (US$7.6 billion) Goldboro LNG project on Canada’s eastern coast by issuing new equity before taking an FID, Reuters quoted Mark Brown, the company’s vice president of business development, as saying on Monday.

German utility Uniper has an agreement to buy half of the project’s output for 20 years, which means Pieridae is not struggling to secure buyers, according to Brown.

“In terms of offtake agreements, I would set that...