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 -
spot_img

Most Popular

Brazil’s GNA gets approval to launch first LNG power plant

Brazilian joint venture Gas Natural Acu has commissioned the first plant as part of its LNG-to-power project in the...

Stena adds LNG power barge to its portfolio

A unit of Sweden’s Stena said it has expanded its jetty-less LNG offering with an integrated power barge (IPB). The...

Canada’s FortisBC shrinks expansion plans for Tilbury LNG

Canadian utility FortisBC is scaling back expansion plans for its Tilbury LNG facility in British Columbia. The second expansion phase...

More News Like This

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...

Canada’s Pieridae reveals CCS project ahead of Goldboro LNG FID

Canada’s Pieridae Energy has revealed a carbon capture and storage project as it looks to make a final investment...