Canada’s Pieridae names new COO

Canada’s Pieridae Energy, the developer of the Goldboro LNG export project, has hired Darcy Reding as the company’s new chief operating officer.

Reding succeeds Tim de Freitas who left the firm in January. He will join Pieridae on April 5, according to a statement.

“Reding is a professional engineer with 30 years of success in small and mid-sized private and public upstream oil and gas companies, with 20 years in leadership roles,” Pieridae said.

The new COO said his focus would be to ensure the safe operations of the company’s upstream natural gas infrastructure. 

He also said his other priorities include “strengthening the technical and economic readiness of the drilling inventory that provides the feedstock for the Goldboro LNG project.”

The Goldboro LNG project in Nova Scotia includes two liquefaction facilities each with a capacity of 4.8 million tonnes of LNG each year.

Pieridae has a 20-year binding contract with German energy firm Uniper for all of the volumes from the first liquefaction train.

To remind, Pieridae has last year delayed the final investment decision on the project due to Covid-19, also renegotiating deadlines with Uniper.

Pieridae said then it planned to start commercial LNG deliveries to Uniper between August 31st, 2025 and February 28th, 2026.

The firm also teamed up with Bechtel on Goldboro LNG after US engineer KBR backed out of signing the lump sum deal.

In addition, the firm said last week in its full-year results report it still aims to take a final investment decision on the LNG project by the end of June.

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