Goldboro LNG development granted formal regulatory approval

Source:NOIA

The facility will provide an east coast export terminal to supply both the European and Indian markets. Nova Scotia Minister of Environment, Hon. Randy Delorey granted formal regulatory approval for the proposed $8.3 billion Goldboro LNG development to be located in Goldboro, Nova Scotia. In 2012, Pieridae Energy Canada announced its intention to develop a liquefied natural gas export facility at Goldboro. The development will be located within the Municipality of the District of Guysborough (MODG) Goldboro Industrial Park.

The facility will provide an east coast export terminal to supply both the European and Indian markets.

The MODG has been working with multiple developers interested in capitalizing on Goldboro’s strategic location, deep harbour and existing natural gas infrastructure.

“Today’s announcement represents a very significant milestone in the evolution of the Goldboro LNG development. Mr. Alfred Sorensen and his team can now move forward with confidence to take the next steps in the advancement of the project. On behalf of the Municipality of the District of Guysborough, we would like to recognize the cooperation we received from both the Federal and Provincial Government in completing a thorough review of this major development” said Warden Vernon Pitts.

“The Municipality will continue to work closely with Pieridae as they progress toward a final investment decision in 2015. With today’s announcement we will see increased activity going forward at Goldboro. As mentioned in the recent Ivany report, 59% of all employees in Nova Scotia work in companies that employ more than 100 people. This project has the potential to be a “game-changer” and its impact will be felt by all residents of Nova Scotia” said Pitts.

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