Peiridae and Uniper Extend Deadlines for Long Term Agreement

Pieridae Energy and Uniper negotiated extensions of key deadlines in their 20-year agreement. These include expected commercial deliveries of gas to Uniper to start between November 30th, 2024 and May 31st, 2025 and an extension to September 30, 2020 to make a positive financial investment decision (FID) for the Goldboro LNG facility. The agreement with Uniper is for half the liquefied natural gas (LNG) produced at Goldboro which is 5 million metric tons per annum (mmtpa).

Kellogg, Brown & Root Limited (KBR) is reviewing a new version of the front-end engineering and design (FEED) study for the proposed Goldboro LNG facility and will provide an open-book estimate for a  turnkey engineering, procurement and construction (EPC) contract.

Alfred Sorensen, Pieridae CEO , said, “We expect the vast majority of that work to be completed near the end of 2019, which will move us closer to FID … This is Eastern Canada’s only LNG facility with the majority of its permits, a pipeline route and an anchor customer.”