Pieridae in talks with five firms on Goldboro LNG EPCC deal

Canada’s Pieridae said Wednesday it is in discussions with five firms regarding a lump sum turnkey EPCC contract for its Goldboro LNG export facility.

This follows a notice sent by US engineer KBR to the Canadian company last month saying the firm was no longer interested to negotiate and conclude the contract.

The contract includes engineering, procurement, construction and commissioning of the proposed 9.6 mtpa facility.

The duo signed a deal for the project in March 2019 which included technical verification and an open book estimate. They planned to enter an EPCC contract after the final investment decision.

Following the notice, Pieridae and KBR reached a resolution to resolve the situation, the Goldboro LNG developer said in its financial report.

“As part of the resolution, Pieridae acquires the right to transition all of KBR’s work product created to date to a replacement EPCC contractor,” said Pieridae’s chief Alfred Sorensen.

He added that the company is in midst of discussions with five other firms that have expressed strong interest in concluding the EPCC contract for the LNG facility.

The Goldboro project has secured majority of key permits also signing a 20-year contract with German energy company Uniper.

The deal with Uniper is for all of the volumes from the first 4.8 mtpa Goldboro liquefaction train.

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

Pieridae now plans to start commercial LNG deliveries to Uniper between August 31st, 2025 and February 28th, 2026.

The new deal also extended the deadline for a FID to June 30, 2021.

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