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Pieridae Energy to Acquire Access to Alberta Gas Reserves

Pieridae Energy Limited (Pieridae), sponsor of the proposed Goldboro LNG project in Nova Scotia, and Ikkuma Resources Corp. (Ikkuma) have announced that they have entered into a definitive agreement providing for the acquisition by Pieridae of all of the issued and outstanding shares of Ikkuma, which “will provide Pieridae with ownership of an extensive area of producing and gas-prone...

Pieridae Energy in Talks to Sell Goldboro LNG Supplies to Swiss Utility

Reuters reports that Pieridae Energy, sponsor of the proposed Goldboro LNG terminal in Nova Scotia, is negotiating with Swiss energy company Axpo for a 10-year LNG supply deal. Axpo would buy the LNG from Goldboro’s second train for sales across Europe, with deliveries estimated to begin in the third quarter of...

Petronas Buys 25% Share of LNG Canada Project

LNG Canada has announced that Malaysia’s state-owned oil and gas company Petronas, through its wholly-owned entity, the North Montney LNG Limited Partnership, is buying a 25% share in LNG Canada’s proposed LNG export project at Kitimat, British Columbia.  Once the deal is completed, LNG Canada’s ownership interests will be Shell at 40%, Petronas at 25%, PetroChina at 15%, Diamond LNG...

Pieridae Energy Announces Term Sheet for Goldboro LNG Train 2 Sales

Pieridae Energy Limited has announced that it has entered into a term sheet to negotiate a binding LNG sale and purchase agreement (SPA) to supply LNG to Europe from the second train of the proposed Goldboro liquefaction facility in Nova Scotia. Under the SPA term sheet with Pieridae, the unnamed offtaker will purchase up to 1 million tonnes per annum of LNG over a 10-year period...

LNG Canada Chooses Contractor

Reuters reports that LNG Canada, a joint venture led by Royal Dutch Shell Plc, with partners PetroChina Co. Ltd., Korea Gas Corp. and Mitsubishi Corp., has chosen a joint venture between JGC Corp. and Fluor Corp. to do the final engineering, procurement and construction for the proposed LNG Canada terminal at Kitimat, British Columbia. A final investment decision on project is expected...

Canada’s First LNG Export Shipment Arrives in China

FortisBC announced that its single ISO container shipment of LNG, the first LNG to be exported from Canada to China, arrived in China on Thursday.  The LNG was produced at FortisBC’s Tilbury plant near Vancouver, British Columbia.  According to the press release, since the LNG was shipped via container ship, bypassing receiving LNG terminals and regasification facilities, cost and...

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