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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 23, 2022 6:02am
161 Views
Post# 34349157

RE:RE:RE:condensate hedges ended at start 2022

RE:RE:RE:condensate hedges ended at start 2022 You did not pay attention to what I wrote. There is plenty of terminal capacity to expand the amount of LNG going into Germany But the government wants one on German territory. Infrastructure of that size, unless it is government owned, does not get an FID without take or pay contracts.

The promoters in Germany cannot get any locked in contracts (except for GoldboroLNG, but that Sales Agreement is dead now). Two of the terminals have been shelved, include the one by Uniper.

Terminals in Germany are not commercially viable- unless there is very large government investment (subsidy).... which even previous governments would not do. And now a Green is the Economy Minister that controls those purse strings.

ofirme wrote: lng facilities in Germany are financially viable - especially fsru units. 
As far as limitless supply from the u.s - you are extremely wrong. lng facility is > $8B per 1bcf/d.
The u.s ships a lot to latin america, asia, europe & middle east. most of the long term contracts
 are with marketers and not final customer. on top of that, the lane to Germany from the eastern
 canadian potential facility saves days of ship vs the gulf facilities. 
I still believe the only private entity with ability to take action here is Enbridge. they own the 
 pipeline as well.


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