Canadian Goldboro LNG Inches Toward Final Investment Decision

The Goldboro LNG export facility in Nova Scotia continues its march (shuffle?) toward construction. As we reported in February, Pieridae Energy (the builder) has enlisted the help of Morgan Stanley and Société Générale to help raise $10 billion to build it (see Pieridae Energy Hires Morgan Stanley, SG to Help Fund Goldboro LNG). Last May, MDN told you that Pieridae Energy had signed a labor agreement to build the Goldboro LNG export facility along the shore of Nova Scotia, Canada (see Update on Goldboro LNG – Labor Agreement Signed to Build). The U.S. Dept. of Energy approved the plant for exporting to non-free trade agreement counties in February 2016, an indication that Marcellus/Utica gas may flow to the plant (see Goldboro LNG Project Gets Final DOE Approval – Good for Marcellus). And in May, we told you the facility is lining up customers for its LNG in Europe (see Goldboro LNG in Nova Scotia Negotiating Deal to Sell LNG to Europe). It’s now time for Pieridae to decide. If they don’t begin construction on the project in the next nine months, they risk losing Nova Scotia environmental approval…

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