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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 custom processor of natural gas, natural gas liquids, condensate, and sulphur from the Canadian Foothills and adjacent areas in Alberta and in northeast British Columbia (BC). It owns and operates three sour gas processing complexes at Waterton, Caroline and Jumping Pound. Its footprint covers over a million gross acres (807,000 net acres) in the Foothills and makes up 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 the southern foothills, central foothills and northern foothills. Its southern foothills have three main fields: Waterton, Carbondale, and Burmis. The Company also has a production facility in the Northern Foothills of Alberta and in Northern BC.


TSX:PEA - Post by User

Comment by commonsense9on Jan 21, 2022 2:42pm
147 Views
Post# 34344093

RE:RE:condensate hedges ended at start 2022

RE:RE:condensate hedges ended at start 2022
commonsense9 wrote:    Germany is not in the game for LNG from Canada- they can get as much as they want from the US. What Germany wants out of this is import terminals on their own territory- not getting LNG via Rotterdam. But like Goldboro LNG, import terminals in Germany are not financially viable without big time direct government investment.


This is why the now defunct Sales Agreement with Unifer required half of the LNG to land in Germany,  Uniper could care less where the LNG lands- they are a powerhouse European and global broker. (And they dont need the gas for their electricity plants that are the sunset part of their business.)

That Sales Agreement was intwined with the possible loan guarantees from Germany. What was in that deal for Germany was that half of the production from GoldboroLNG would be a sufficient take or pay contract to ensure an FID for the proposed import termnal at Wilhelmshaven.

Without a dedicated supply contract a German LNG imprt terminal is not commercially viable. And US LNG producers do not do large fixed contracts. Uniper and the German government needs an LNG producer partner that can get big time investment money (not just loans) out of its governments. That is not going to happen in the US. But Canad is known to throw taxpayer money at while elephants.  So, on both sides of the Atlantic, they keep trying

Lemon socialism may save your fantasies yet.

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