NEB issues import, export licenses to Pieridae Energy

Pieridae Energy (Canada) Ltd. reported that it has been issued long-term licenses by Canada’s National Energy Board to import natural gas from the US and to export LNG from Canada.

The licenses issued with terms and conditions on Aug. 13 were granted in response to an application by Pieridae submitted to NEB on Oct. 24, 2014.

The gas imported from the US and gas supplied from Canadian sources will be processed at the proposed Goldboro LNG facility to be built in Goldboro, NS, and exported from Canada as LNG for delivery to Europe and other countries.

The term of the export license is for 20 years starting from the date of first export with a maximum export capacity of 16.675 billion cu m/year. The import license also is for 20 years starting from the date of first import and has a maximum import volume of 11.845 billion cu m/year.

In May 2015, Pieridae Energy (USA) Ltd., a corporation affiliated with Pieridae, received authorization from the US Department of Energy to export gas to Canada for end use in Canada and for further export to countries with which the US has free-trade agreements for trade in gas (OGJ Online, June 4, 2015).

Pieridae has a 20-year sales agreement with E.On Global Commodities SE to deliver 5 million tonnes/year of LNG produced from the proposed Goldboro LNG facility.

Pieridae plans to make a final investment decision on the Goldboro LNG project in 2016.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...