Pieridae Energy ratifies labor deal for Goldboro LNG

Canadian LNG project developer Pieridae Energy said it has signed a Goldboro LNG project special needs collective agreement.

The agreement was required under the Construction Projects Labour Relations Act, Pieridae Energy said.

It provides Pieridae with a higher degree of cost certainty for the construction phase, and reduces the overall risk for Pieridae in planning the final construction of the Goldboro LNG facility.

The agreement was reached in October last year by ratified and signed on May 3, by the Nova Scotia Construction Labour Relations Association (CLRA) and by 85 percent of the building trades expected to be involved in the project’s construction.

Labour Board has to approve the agreement, and Pieridae Energy said that together with CLRA, it will request that the Labour Board declare the agreement to be a project agreement and declare the project agreement in effect for the Goldboro LNG facility project.

Pieridae Energy has already sold 50 percent of Goldboro’s initial capacity under a 20-year, take-or-pay contract with Uniper.

The company is developing the Goldboro LNG facility at the Goldboro Industrial Park in Goldboro, Nova Scotia, targeting the next wave of LNG production, post-2020.

The facility will be able to produce up to 10 million metric tons per annum of LNG, and will be able to handle LNG carriers up to 250 000 cubic meters.