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Pieridae Energy Ltd T.PEA

Alternate Symbol(s):  PTOAF

Pieridae Energy Limited is a Canadian energy company. The Company is an upstream producer and midstream operator with core assets concentrated in the foothills of the Rocky Mountains. Its business is focused on developing and producing conventional raw natural gas and processing it into sales products that include natural gas liquids and sulfur. The Company processes these commodities by using its ownership in gas processing facilities in southern and central Alberta. It owns and operates three sour gas processing complexes at Waterton, Caroline and Jumping Pound. Its upstream assets include conventional gas reservoirs in North America. Across Alberta and British Columbia, its footprint stretches over one million gross acres of land, with ownership of three deep cut gas plants and more than 3,800 kilometers of pipelines. Its foothills include southern foothills, central foothills and northern foothills. Its southern foothills have three main fields: Waterton, Carbondale and Burmis.


TSX:PEA - Post by User

Post by msawyer5on Nov 06, 2020 10:29am
236 Views
Post# 31851043

Uniper Cancels plans for Wilhelmshaven LNG terminal

Uniper Cancels plans for Wilhelmshaven LNG terminalReuters is reporting today that Uniper, the German utility that was going to buy LNG from Pieridae will "review plans for a liquefied natural gas terminal in Wilhelmshaven, citing reluctance by market players to make binding bookings for import capacities."

https://de.reuters.com/article/us-uniper-lng-germany/uniper-reviews-wilhelmshaven-lng-terminal-on-market-uncertainty-idUSKBN27M0Y5

Another German laugauge article says they've cancelled plans alltogether:https://www.finanzen.net/nachricht/aktien/neuausrichtung-uniper-stellt-plaene-fuer-fluessiggas-import-in-wilhelmshaven-ein-9483384

This announcement has significance for Pieridae because not only was Uniper the buyer of the LNG from the propsed first Train but Uniper, in concert with the German Government, is, or was, the source of Pieridae's often talked about $1.5 Billion USD financing deal.

If this turns out to be true, where does that leave Pieridae?
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