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Pieridae Power Ltd. could possibly be seeking to promote its deserted Goldboro LNG venture in Nova Scotia to an Irish vitality agency, in accordance with a just lately revealed regulatory submitting.
Calgary-based Pieridae requested Nova Scotia’s utility and assessment board for permission to switch its approvals for the possibly 1.3 Bcf/d export venture to Merely Blue Group, a renewable vitality and sustainable gasoline developer.
Pieridae instructed regulators it had agreed to a preliminary buy settlement with a brand new Canadian unit of Merely Blue in February it expects to shut “shortly following receipt of the requested consent.”
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The present approvals to assemble a terminal on the Goldboro liquefied pure fuel web site expire on the finish of March 2025.
Pieridae instructed traders late final yr that it was planning to promote its curiosity within the Goldboro LNG venture by the center of this yr as part of a pivot to honing in on Western Canada legacy wells and midstream property that it purchased from Shell Canada Ltd. in 2019.
The agency suspended growth actions for Goldboro in 2021 after a nine-year effort.
Since 2011, not less than 18 export services have been proposed in Canada with a mixed capability of 216 mmty, or round 29 Bcf/d, if accomplished. Of these, 13 have been proposed for British Columbia (BC) and 5 on the nation’s east coast in Quebec and Nova Scotia.
The primary part of LNG Canada is nearing commissioning actions and early building actions have begun for Woodfibre LNG, representing round 2.1 Bcf/d in export capability, in accordance with NGI’s LNG Mission Tracker. The Cedar LNG venture, backed by Pembina Pipeline Corp. and the Haisla Nation, additionally just lately took steps towards a remaining funding resolution.
All of these tasks are in BC.
LNG export tasks in Japanese Canada have been challenged by environmental opposition and the logistics of transporting feed fuel to the East Coast after the suspension of offshore manufacturing in 2018.
Different proposed export tasks in Nova Scotia, like Bear Head LNG, have taken on second lives after shifting to different fuels. Houston-based Buckeye Companions LP has acquired approvals to advance the Bear Head venture as a hydrogen and ammonia export facility.
In late March, Merely Blue disclosed it deliberate to diversify its portfolio of offshore tasks to incorporate onshore renewable vitality technology to energy sustainable aviation gasoline manufacturing in Australia, Canada and Eire. The agency focused building on the Canadian venture by 2026.
The put up Pieridae Seeks to Switch Goldboro LNG Approvals to Irish Purchaser appeared first on Pure Gasoline Intelligence
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