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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

Post by garnoton Mar 29, 2023 7:27am
239 Views
Post# 35366352

USA to Canada permis extension for LNG

USA to Canada permis extension for LNGhttps://www.federalregister.gov/documents/2023/03/29/2023-06509/pieridae-energy-usa-ltd-request-for-extension-for-long-term-authorization-to-export-liquefied

there part of the article:

In support of this Request, Pieridae USA states that the Project's timeline was pushed back due to its unsuccessful, costly and time-consuming engagement with several internationally regarded LNG engineering, procurement, and construction (EPC) companies in undertaking the necessary steps to enter a lump sum turnkey EPC and commissioning contract for the Project, in addition to the “unprecedented COVID-19 pandemic which offered its own additional and significant impacts on the Project's ability to move forward.” [6] Pieridae USA states that it engaged further a EPC company to review and revise the design to a more modularized Project.[7] According to Pieridae USA, the revised design, completed in January 2023, is in line with many recent US LNG export projects based on a smaller scale modularized approach.[8] Pieridae USA states that it is now ready to progress this concept in the realization of the Project.[9] Pieridae USA asserts that granting the requested extension of time will enable Pieridae USA to complete the necessary detailed design, engineering and costing work in order to commence construction and place the Goldboro LNG Project into service.[10] Pieridae USA states that “[t]he only change to the Project [from the original Application] will be the use of ten smaller modularized liquefaction trains versus the two larger liquefaction trains.” [11] Additional details can be found in the Request, posted on the DOE website at: www.energy.gov/fecm/articles/pieridae-energy-usa-ltd-fe-dkt-no-14-179-lng.
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