Canada’s Pieridae Energy, the developer of the Goldboro LNG export terminal, said its chief financial officer Rob Dargewitcz has resigned to pursue other opportunities.
The company said in a statement on Monday Dargewitcz’s departure was not related to any issues or disagreements regarding Pieridae’s financial disclosures or accounting policies and practices.
Moreover, the company would soon begin a process to appoint a successor to Dargewitcz who would leave the company on July 30, it said.
The resignation comes just days after Pieridae failed to make a final investment decision on the company’s $10 billion LNG export development in Nova Scotia.
To remind, Pieridae said earlier this year it had expected to make a final decision on its Goldboro LNG export terminal by the end of last month, after postponing the decision last year due to Covid-19.
Pieridae’s CEO Alfred Sorensen said last week, “it became apparent that cost pressures and time constraints due to Covid-19 have made building the current version of the LNG project impractical.”
The company will now assess options and analyze strategic alternatives that could make the LNG project “more compatible.”