Pieridae, Uniper extend Goldboro LNG deadlines

Canada’s Pieridae Energy, the developer of the Golboro liquefied natural gas export project, has negotiated extensions of the key deadlines under its long-term deal with Germany’s Uniper.

This development follows Pieridae’s announcement in April on postponing a final investment decision to build the Goldboro LNG export plant in Nova Scotia due to the effects of the coronavirus pandemic.

Pieridae has a 20-year agreement with German utility Uniper for all of the volumes from the first Goldboro liquefaction train.

The first train will have a capacity of or 4.8 million tonnes per year.

Under the newly negotiated deadlines, Pieridae will start commercial LNG deliveries to Uniper between August 31st, 2025 and February 28th, 2026.

Previously, Pieridae expected to start deliveries between November 30, 2024 and May 31, 2025.

The new deal also includes an extension to June 30, 2021 of the deadline to make a positive final investment decision for the Goldboro LNG facility.

Pieridae Energy previously expected to take a decision to build the $10 billion project in the third quarter of 2020 and start producing LNG between November 2024 and May 2025.

“Our relationship with Uniper remains strong and we very much appreciate their on-going support,” said Pieridae chief executive Alfred Sorensen.

Sorensen said that Pieridae remains focused on progressing work with KBR to deliver a fixed price contract to build the gas liquefaction facility.

Pieridae has begun to contract for services outside the primary engineering, procurement and construction contract with the intent to begin the site preparation work as soon as possible.

Some of these activities include building the wharf and jetty, road reconstruction, and constructing the work camp, Sorensen said.

The Goldboro LNG facility will have two trains with a combined production capacity of 9.6 million tonnes per year.

The construction of the facility will take about 56 months, according to Pieridae.