Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Canada
  4. Toronto Stock Exchange
  5. Pieridae Energy Limited
  6. News
  7. Summary
    PEA   CA7207861021

PIERIDAE ENERGY LIMITED

(PEA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Pieridae Energy : still plans FID on Nova Scotia LNG export plant by late June

04/15/2021 | 02:08pm EDT

(Reuters) - Canadian energy company Pieridae Energy Ltd said on Thursday it continues to work toward making a final investment decision (FID) by June 30 to build its proposed Goldboro liquefied natural gas (LNG) export plant in Nova Scotia.

That would allow the $10 billion project to produce first LNG in 2025-2026.

Pieridae has a 20-year agreement to sell all the LNG from Goldboro's first liquefaction train - about 5 millions tonnes per annum (MTPA) or 0.66 billion cubic feet per day of natural gas - to German utility Uniper SE.

Pieridae said engineering firm Bechtel Corp plans to deliver a fixed-price proposal to build the plant by the end of May.

A year ago, Pieridae said it would delay making a FID until after Sept. 30, 2020, as government efforts to curb the coronavirus outbreak cut global economic growth and energy demand.

Pieridae is one of several companies developing North American LNG export plants that have delayed projects in recent years as global gas prices dropped to their lowest levels in years in an oversupplied market in 2019, and then plunged to record lows in 2020 with the coronavirus-induced collapse in demand.

There are currently 13 projects in North America, including Goldboro, that have said they plan to make FIDs in 2021. Analysts, however, expect only one or two projects will actually go forward this year. One project many analysts expect to go forward this year is Venture Global LNG's Plaquemines plant in Louisiana.

Goldboro is designed to produce about 10 MTPA. Pieridae plans to source the gas for Goldboro from its production in Alberta and transport it via existing pipelines, including the Maritimes & Northeast Pipeline from New England to New Brunswick and Nova Scotia, which passes near the Goldboro site.

(Reporting by Scott DiSavino; Editing by Marguerita Choy)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
PIERIDAE ENERGY LIMITED -1.47% 0.335 Delayed Quote.-28.42%
UNIPER SE -0.36% 32.89 Delayed Quote.16.89%
All news about PIERIDAE ENERGY LIMITED
07/27PIERIDAE ENERGY : Announces Initiation of Strategic Review Process
AQ
07/26PIERIDAE ENERGY : Initiates Strategic Review Process, Appoints Interim CFO
MT
07/26Pieridae Energy Announces Initiation of Strategic Review Process
CI
07/26Pieridae Energy Limited Appoints Adam Gray as Interim Chief Financial Officer
CI
07/06PIERIDAE ENERGY : announces resignation of CFO
AQ
07/05PIERIDAE ENERGY : Evaluating goldboro lng strategic alternatives
AQ
07/05PIERIDAE ENERGY : Announces CFO Resignation
MT
07/05Pieridae Energy Limited Announces Resignation of Rob Dargewitcz as CFO, Effec..
CI
07/02PIERIDAE ENERGY : Evaluating Goldboro LNG Strategic Alternatives
MT
07/02Canada's Pieridae to evaluate options to support proposed LNG plant
RE
More news
Financials
Sales 2021 - - -
Net income 2021 - - -
Net Debt 2021 249 M 199 M 199 M
P/E ratio 2021 -
Yield 2021 -
Capitalization 52,8 M 42,3 M 42,2 M
EV / Sales 2021 -
EV / Sales 2022 -
Nbr of Employees 289
Free-Float 74,2%
Chart PIERIDAE ENERGY LIMITED
Duration : Period :
Pieridae Energy Limited Technical Analysis Chart | PEA | CA7207861021 | MarketScreener
Technical analysis trends PIERIDAE ENERGY LIMITED
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Last Close Price 0,34 CAD
Average target price 0,55 CAD
Spread / Average Target 64,2%
Managers and Directors
Alfred B. Sorensen President, Chief Executive Officer & Director
Adam Gray Chief Financial Officer
Myron Arthur TÚtreault Chairman
Darcy Reding Chief Operating Officer
Charles Boulanger Independent Director
Sector and Competitors
1st jan.Capi. (M$)
PIERIDAE ENERGY LIMITED-28.42%43
CONOCOPHILLIPS37.36%73 556
CNOOC LIMITED9.33%44 844
EOG RESOURCES, INC.41.85%41 284
CANADIAN NATURAL RESOURCES LIMITED32.27%38 252
PIONEER NATURAL RESOURCES COMPANY31.71%36 593