Skip to main content
  1. Home
  2. LNG
  3. 17 Apr 20
  4. Pieridae Energy places Goldboro LNG on hold due to COVID-19

Pieridae Energy places Goldboro LNG on hold due to COVID-19

Published by , Editor
LNG Industry,

Reuters is reporting that Pieridae Energy Ltd has delayed its decision to move forward with the construction of its Goldboro LNG export facility in Nova Scotia.

The company’s decision on the project has reportedly been delayed until 30 September 2020. This move to delay comes as a result of efforts to combat the COVID-19 coronavirus outbreak causing a decline in global energy demand and economic growth.

According to Reuters, Pieridae Energy previously said that it expected to take a final investment decision (FID) to build the $10 billion, 10 million tpy, project in 3Q20. This timeline would allow the company to start LNG production between November 2024 and May 2025.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/17042020/pieridae-energy-places-goldboro-lng-on-hold-due-to-covid-19/

You might also like

JGC awarded Papua LNG downstream FEED project

JGC Corporation and Hyundai Engineering & Construction have been awarded the FEED and EPC estimation contract for the Papua LNG project in Papua New Guinea by ExxonMobil.

 
 

Embed article link: (copy the HTML code below):

 

This article has been tagged under the following:

LNG project news Canada LNG news Current LNG projects

 

LNG Industry is not responsible for the content of external internet sites.