Canada’s Pieridae says CFO resigns

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.”

- Advertisements -

Most Popular

Update: LNG tanker runs aground in Suez Canal

NYK's 2021-built LNG carrier Grace Emilia ran aground in the Suez Canal on Wednesday, but the incident did not...

Shell’s CEO says Europe’s energy crisis is far from over

The energy crisis in Europe is a "multiyear issue" and governments will have to work faster to address the...

Samsung Heavy to build LNG carrier duo for about $496 million

South Korean shipbuilding giant Samsung Heavy Industries has won a new order to build two liquefied natural gas (LNG)...

More News Like This

Canada’s Pieridae still evaluating FLNG option for Goldboro

Canada’s Pieridae Energy is still assessing whether it can develop its Goldboro LNG export project in Nova Scotia as...

Canada’s Pieridae mulls floating LNG option for Goldboro

Canada’s Pieridae Energy may develop its Goldboro LNG export project in Nova Scotia as a floating plant, according to...

Canada’s Pieridae Energy says looking at “strategic alternatives”

Canada’s Pieridae Energy, the developer of the Goldboro LNG export terminal, said it has launched a formal process to...

Canada’s Pieridae says looking at other options for Goldboro LNG

Canada’s Pieridae Energy is evaluating options for its proposed Goldboro LNG export terminal in Nova Scotia after it failed...