Planning work continues toward reaching a final investment decision by the end of June for the nine-year-old liquefied natural gas (LNG) export project from Canada’s Atlantic coast, according to Pieridae Energy Ltd.

goldboro lng

Executives said in the first quarter results the June 30 target stands to decide whether to move forward with the long delayed Goldboro LNG export terminal. Pieridae’s natural gas output, which would be used to supply Goldboro, hit a record high of 215 MMcf/d in 1Q2021. 

“It was no small feat to deliver the highest quarterly production of natural gas in the company’s history,” said CEO Alfred Sorensen. “As we continue to make tangible progress with our Goldboro LNG Project, ours is beginning to look like ‘the last one standing’ with others in North...