Canadian Manufacturing

Pieridae wins long-term LNG export authorization from U.S. DOE

Pieridae will process the natural gas at its Goldboro LNG liquefaction facility located in Goldboro, N.S.

HALIFAX—Pieridae Energy (USA) Ltd., a division of Halifax-based natural gas company Pieridae Energy (Canada) Ltd., has received from the U.S. Department of Energy a long-term multi-contract authorization to export natural gas to Canada for end use in Canada and to export liquified natural gas (LNG) produced in Canada to countries with which the US has entered into a free trade agreement.

The authorization was granted in response to an application by Pieridae Energy (USA) Ltd. to export up to 292 billion cubic feet (Bcf) per year of natural gas (0.8 Bcf per day) via the Maritimes Northeast U.S. and Canada pipelines.

The natural gas exported to Canada will be purchased by Pieridae and will then be processed at the proposed Goldboro LNG liquefaction facility located in Goldboro, N.S. for export as LNG to FTA countries.

“We’re pleased to have achieved this important milestone for the Goldboro LNG project. It’s a significant step forward in the final investment decision process,” said Alfred Sorensen, president and CEO of Pieridae. “We look forward to continuing to work with the Department of Energy and the LNG community in the United States.”

In June 2013, Pieridae entered into a 20-year sales agreement with European-based E.ON Global Commodities SE, a subsidiary of one of the world’s largest investor-owned power and gas companies, to deliver approximately five million metric tons per year of LNG from the Goldboro LNG facility.

Pieridae’s application to the Canadian National Energy Board (NEB) to import natural gas from the U.S. through the existing pipeline systems and to export LNG from Canada is pending.

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