Nearly 300 undeveloped industrial acres at the former Goldboro LNG facility are for sale in Nova Scotia as owner Pieridae Energy Ltd. focuses on oil and gas production and processing in Alberta.

The Calgary-based firm set a mid-2024 target for completing the sale as a “strategic pivot” to Western Canada legacy wells and field plants that it bought from Shell Canada Ltd. in 2019

CEO Darcy Reding, who replaced retired founder and liquefied natural gas champion Alfred Sorenson, said Pieridae would use cash from the sale to help repay debt. In addition to the 267 acres, various active licenses and permits, there may be “strategic value to a potential buyer,” Reding said during the recent quarterly conference call.

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