HALIFAX, June 4, 2014 /CNW/ - Pieridae Energy Canada (Pieridae) has
selected CB&I to undertake Front-End Engineering and Design (FEED) for
Goldboro LNG, a proposed liquefied natural gas (LNG) export facility.
Goldboro LNG, the east coast of Canada and the United States' closest
mainland LNG export terminal to Europe and India, will consist of a
processing plant and facilities for the storage and export of LNG,
including a marine jetty. The facility is anticipated to produce
approximately 10 million tonnes per annum (MTPA) of LNG and have
on-site storage capacity of 690,000 cubic metres of LNG.
The FEED phase will determine the layout of the facility and associated
components, as well capital expenditures, which are currently estimated
at $8.3 billion.
"Having received Environmental Assessment approval from Nova Scotia's
Minister of Environment in March 2014, the selection of CB&I to
undertake FEED is another important milestone towards designing and
constructing Goldboro LNG," said Alfred Sorensen, president and CEO,
"CB&I has served the liquefied natural gas industry for more than 50
years, having led or participated in more than 350 LNG projects and
studies in 45 countries and this award builds on that experience," said
Patrick K. Mullen, President of CB&I's Engineering, Construction and
Maintenance operating group. "We look forward to working with Pieridae
on the Goldboro LNG project, which upon completion will serve as North
America's closest mainland LNG export terminal to Europe and India."
Pending receipt of all necessary regulatory and government permits and a
positive final investment decision in 2015, Pieridae anticipates
construction taking four years, with Goldboro LNG being commercially
operational in 2020.
Pieridae is in advanced discussions with several natural gas producers,
pipeline operators and LNG customers. In June 2013, Pieridae entered
into a 20-year sales agreement with E.ON Global Commodities SE, a
subsidiary of one of the world's largest investor-owned power and gas
companies, to deliver approximately 5 MTPA of LNG from Goldboro LNG to
The company has submitted an application to the National Energy Board
(NEB) to import up to 1.0 billion cubic feet per day (Bcf/d) of natural
gas through the existing pipeline systems between Canada and the United
States, and export up to 1.4 Bcf/d of natural gas, as LNG, from
Goldboro, NS, to international markets.
Pieridae anticipates that, at its peak, the Goldboro LNG terminal will
create up to 3,500 jobs during construction and 200 full-time,
permanent jobs during operations.
About Pieridae Energy
Pieridae Energy is an energy infrastructure development company focused
on LNG opportunities. Founded in 2011, the company is developing a
fully integrated LNG infrastructure business. Pieridae is currently
developing Goldboro LNG, www.GoldboroLNG.com, a proposed export LNG terminal located in Goldboro, Nova Scotia,
SOURCE: Pieridae Energy Canada
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