Pieridae signs LNG supply deal with European offtaker

Pieridae signs LNG supply deal with European offtakerImage courtesy of Pieridae Energy

Pieridae Energy has entered into a term sheet to negotiate a binding liquefied natural gas sale and purchase agreement for the supply of Canadian-sourced LNG to Europe. 

Under the agreement, the offtaker will purchase up to 1 million tons per annum of LNG produced at the second train of the Goldboro export facility in Nova Scotia.

This contract is scheduled to begin from the start of commercial deliveries, currently estimated to be the first quarter of 2023 and last for a 10-year period, Pieridae said in its statement.

“After having contracted the entire output from train 1 with Uniper, this agreement moves Pieridae another step closer to the final investment decision on Train 2,” said Alfred Sorensen CEO for Pieridae Energy.

Riccardo Bortolotti, managing director of business development for Pieridae in London added the company is seeing a growing interest from utilities in Europe and beyond, for LNG offtakes, that can contribute to increase the security of supply as well as diversify price and volume risk in their portfolios.

The Goldboro LNG terminal project consists of an LNG processing facility, storage tanks and marine works located in Nova Scotia.

The facility is anticipated to produce approximately 10 million metric tons of LNG per year and have on-site storage capacity of 690,000 cubic meters of LNG.

Share this article

Follow LNG World News

Events>

<< Nov 2019 >>
MTWTFSS
28 29 30 31 1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30 1

LNG Pricing, Trading & Hedging: 3-Day Training Course – Singapore / Jan 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Nov 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >

Budapest LNG Summit 2019

The Budapest LNG Summit is a niche event focused on the up and coming LNG region of Central & Eastern Europe (CEE).

read more >