Canadian LNG Project Woos Europeans with Promise of Marcellus Gas

ifYou may recall MDN has tracked the issue of potential LNG (liquefied natural gas) exports from Canada that would use, in part, Marcellus Shale gas. There are five such possible LNG projects, four of them based in Nova Scotia (see List of LNG Export Projects for Marcellus/Utica Shale Gas). You may also recall the article we brought you in which Moody’s Investors Service said the vast majority of LNG projects, including the ones in Canada, will not get built (see Moody’s: “Vast Majority” of LNG Export Projects Will be Canceled). Don’t tell that to Pieridae Energy Canada, the company with plans to build the Goldboro LNG project in Goldboro Industrial Park in Guysborough County, Nova Scotia. The US$8.6 billion (C$10 billion) project is 5-6 years away from beginning operation according to a presentation by Pieridae’s CEO Alfred Sorensen to a delegation of economic counsellors from the European Union in Halifax on Monday. One of the keys to the project giving it a “high probability of success” will be Marcellus gas delivered via the Maritimes & Northeast pipeline, according to Sorensen…

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