Goldboro LNG granted import and export approval

Pieridae Energy said that it has been issued long-term licenses by the National Energy Board of Canada to import natural gas from the USA and to export LNG from Canada.

The licenses issued with terms and conditions were granted in response to an application by Pieridae submitted on October 24, 2014 to the NEB.

The natural gas imported from the USA and natural gas supplied from Canadian sources will be processed at the proposed Goldboro LNG facility to be located in Goldboro, Nova Scotia and exported from Canada’s LNG for delivery to Europe and other countries, the company said in a statement.

The term of the export license is for 20 years starting from the date of first export with a maximum annual export capacity of 16.675 billion cubic meters. The import license is also for a 20-year term starting from the date of first import and has a maximum annual import volume of 11.845 billion cubic meters.

In May 2015, Pieridae Energy (USA), a corporation affiliated with Pieridae, received authorization from the Department of Energy of the USA to export natural gas to Canada for end use in Canada and for further export to countries with which the USA has free trade agreements for trade in natural gas.

Pieridae has a 20-year sales agreement with European-based E.ON Global Commodities to deliver approximately five million metric tons per annum of LNG produced from the proposed Goldboro LNG facility.

Pieridae plans to make a final investment decision on the Goldboro LNG project in 2016.

[mappress mapid=”17329″]

Image: Goldboro LNG

Related news

List of related news articles