Page 10 - GLNG Week 12 2023

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Pieridae Energy abandons plans to

transport gas from Western Canada

to Nova Scotia

CANADA PIERIDAE Energy has cancelled plans to trans- in an East Coast LNG project.”
port gas from Western Canada to Nova Scotia. Pieridae’s turning away from Western Canada
Originally, it was to The company is seeking to build a facility to gas follows a recent decision by Madrid-based
export 10mn tonnes a export LNG from Nova Scotia, on Canada’s East Repsol against developing an LNG terminal also
year of LNG. Coast, to Europe. on Canada’s East Coast. The terminal would have
Pieridae’s chief executive officer, Alfred exported LNG from Saint John in New Brun-
Sorensen, told the Globe and Mail that he still swick to Europe. The Spanish company had cited
hopes the company can construct a scaled-back high costs to ship gas by pipeline.
version of its planned Goldboro LNG facility. He Calgary-based Pieridae is now pinning its
now anticipates a 3mn-tonnes-a-year terminal. hopes on New Brunswick, which is adjacent to
“We have no interest in taking Western Cana- Nova Scotia, lifting its moratorium on fracking.
dian gas any longer, and that is why the project “We have been spending some time to try and
has shrunk in size,” told the newspaper. figure out whether there’s an option to go back to
Originally, it was to export 10mn tonnes a Atlantic Canada as the source of natural gas. It’s
year of LNG. not quite dead yet,” said Sorensen. “So it’s a bit of
TC Energy would have been required to a long shot, but it’s the only shot.”
make multibillion-dollar upgrades to pipelines Climate activists and conservationists have
in Ontario and Quebec in order to ship gas in been opposing fracking vehemently. The mor-
from Western Canada. atorium was imposed in 2014 under Premier
Sorensen pointed to TC Energy and the fed- Brian Gallant so that health and environmental
eral government as stumbling blocks. “The issue impacts of the procedure could be studied.
is pipelines have been a bit of a problem in this The province’s current leader Blaine Higgs
country, with that potential for cost overrun has said the ban should be re-examined, in part
risk,” he told the Globe and Mail. “The problem is because of Europe’s gas shortage in the wake
one of risk-taking and TC Energy wasn’t willing of Russia’s war on Ukraine. Russia, a major gas
to take any, and the government wasn’t willing to exporter to Europe before the invasion took
do anything to cover that risk. So there is no way place in February 2022, has since faced sanc-
for the Western Canadian gas to play a major role tions. ™

P10 www. NEWSBASE .com Week 13 30•March•2023