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Goldboro LNG Project Goes Back to Drawing Board

Pieredae Energy’s long anticipated Goldboro LNG project in Nova Scotia appears to be no longer moving forward, at least in its most recent incarnation.  The company had been anticipated an FID for the project at the end of June, but that did not happen.

Pieredae CEO Alfred Sorensen stated last week that “we have not been able to meet all of the key conditions necessary to make a final investment decision. Following consultation with our Board, we have made the decision to move Goldboro LNG in a new direction.” This new direction is unclear at this time, and the project is deemed on hold for now. If FID had been made, this would have paved the way for this project as a two-train export LNG facility in Goldboro, Nova Scotia with a production capacity of 4.8 million tons per year, per train. If the project does move forward in some capacity, it would likely be under a smaller design. 

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