Pieridae to spend $16M on proposed N.S. LNG project in 2020

The following text was excerpted from the media outlet cited on December 13, 2019 and is provided to Noia members for information purposes only. Any opinion expressed therein is neither attributable to nor endorsed by Noia.

Fuelled by expectations of a ten-times increase in its net operating income, Pieridae Energy plans to invest to advance its proposed Nova Scotia LNG project to a final investment decision next year.

On Thursday the company announced a “pre-FID” capital budget of $32 million for 2020, and a development expense of $16 million for the Goldboro LNG project.

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