Pieridae Energy Ltd has announced it has negotiated extensions of key deadlines under its 20-year agreement with German energy company Uniper Global Commodities.
These extended deadlines include expected commercial deliveries of gas to Uniper to start between 31 August 2025 and 28 February 2026; and the extension to 30 June 2021 of the deadline to make a positive final investment decision (FID) regarding the company’s proposed Goldboro LNG facility. The 20-year agreement with Uniper is for the LNG produced at Goldboro Train 1 or 4.8 million tpy.
“We recently expressed confidence we would sign key deadline extensions with Uniper related to FID for our Goldboro LNG facility and Pieridae is pleased to announce those extensions today. Our relationship with Uniper remains strong and we very much appreciate their on-going support,” said Pieridae CEO Alfred Sorensen.
“We remain focused on progressing work with KBR to deliver a fixed price contract to build the gas liquefaction facility. Pieridae has begun to contract for services outside the primary engineering, procurement and construction contract with the intent to begin the site preparation work as soon as possible. Some of these activities include building the wharf and jetty, road reconstruction and constructing the work camp.
“Over the last several weeks we have seen projects in Australia, Africa and the Gulf Coast either cancelled or delayed indefinitely due to the challenging energy market. We believe this is an opportunity for Canada to enter into this industry at a time when others are exiting. Our Goldboro LNG Project is fundamentally sound and with fewer competing projects, now is the time to proceed,” concluded Sorensen.
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/06052020/pieridae-and-uniper-extend-key-goldboro-lng-deadlines/