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Pieridae Energy authorised to export US natural gas

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Hydrocarbon Engineering,

The US Department of Energy has granted Pieridae Energy (USA) Ltd long term multi contract authorisation to export natural gas to Canada, for end use in Canada, and to export LNG produced from such natural gas from Canada to countries with which the USA has entered into a free trade agreement requiring national treatment for trade in natural gas (FTA countries).

The authorisation issued on 22 May 2015 is granted in response to an application by Pieridae Energy (USA) Ltd to export up to 292 billion ft3/y of natural gas (0.8 billion ft3/d) via the Maritimes Northeast US 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, Nova Scotia and exported 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 5 million tpy of LNG from the Goldboro LNG facility.

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

Adapted from press release by Rosalie Starling

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