Canada’s Pieridae still expects Goldboro LNG FID by end-June

Canada’s Pieridae Energy still expects to make a final investment decision on its Goldboro LNG export terminal in Nova Scotia by June 30, after postponing the decision last year.

The firm confirmed this in its quarterly report on Thursday.

“As we continue to make tangible progress with our Goldboro LNG project, ours is beginning to look like ‘the last one standing’ with others in North America either being delayed or canceled outright,” Pieridae’s chief executive Alfred Sorensen said in the report.

Pieridae aims to build a facility with two 5.2 mtpa trains that would employ about 3,500 workers during the peak construction phase. The project’s total costs could reach $10 billion.

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

Depending on the FID, the firm plans to start commercial LNG deliveries to Uniper between August 31st, 2025 and February 28th, 2026, it previously said.

Bechtel to deliver price proposal by the end of May

Pieridae has also last year teamed up with Bechtel on Goldboro LNG after US engineer KBR backed out of signing the lump sum deal.

“We are working with them to define the lump sum turn-key cost by the agreed-upon deadline of the end of May 2021 to construct the Goldboro LNG facility,” Pieridae said in the quarterly report.

In addition, the firm said it has moved a number of contracts forward for tender to complete the extensive preparation work needed at the LNG site located at the Goldboro Industrial Park in Guysborough County.

Pieridae also plans to build a huge workforce lodge on or nearby the existing decommissioned Sable Island sour gas plant site.

The Nova Scotia Mi’kmaq and Black Diamond Group will construct and operate the lodge.

Moreover, Pieridae says it aims to make Goldboro LNG a net-zero emissions project by 2050.

Vancouver-based Navius Research provided research that “outlines pathways to achieve net-zero emissions,” the firm said.

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