Page 11 - NorthAmOil Week 27 2021

NorthAmOil POLICY NorthAmOil

Stenehjem noted that Bismarck had taken action “I welcome and support the Louisiana fed-
shortly after BLM suffered a legal setback in eral district court’s decision, and I look forward
Louisiana. to defending North Dakota’s vital interests in
On June 15, he explained, a federal court in its natural resources and continuing to put the
that state decided to issue a preliminary injunc- pressure on the federal government to do the
tion against the bureau’s lease cancellation pol- right thing for our state,” he commented.
icy. North Dakota is also hoping to obtain relief, As of press time, neither the DoI nor BLM
he said. had commented publicly on the matter. ™

PROJECTS & COMPANIES
Pieridae Energy says it is considering

a “new direction” for Goldboro LNG

PIERIDAE Energy (Canada) said last week that version of the LNG project impractical,” Soren-
it was considering several options for the Gold- son commented.
boro LNG export terminal in Nova Scotia after In the meantime, he said, the company will
failing to decide whether to proceed with the examine other options. “Following consultation
project by the deadline of June 30. with our board, we have made the decision to
The Canadian company had originally move Goldboro LNG in a new direction,” he
hoped to take a final investment decision (FID) stated.
on the $10bn export terminal project in 2020. He did not discuss any of the alternatives
Instead, it opted to push the target date for FID under consideration. However, he did say that
back to mid-2021, citing the challenges raised the company would “now assess options and
by the coronavirus (COVID-19) pandemic. But analyse strategic alternatives that could make an
according to a company statement dated July LNG project more compatible with the current
2, it could not achieve this milestone because environment.”
it determined that the current version of the Pieridae will also “continue its work to fur-
design for the terminal was not economical. ther optimise the operation and development
The statement did not identify any specific of our extensive Foothills resources and mid-
problems with the design for Goldboro LNG. stream assets, including our carbon capture and
However, it quoted Pieridae’s CEO Alfred sequestration and blue power development,” he
Sorenson as saying that the project faced too added.
many obstacles to continue unless major According to previous reports, the Goldboro
changes could be made. LNG terminal was to consist of a gas liquefac-
“While Pieridae has made tremendous pro- tion plant with two production trains, each with
gress in advancing the Goldboro LNG project, a capacity of 5mn tonnes per year (tpy), and
as of June 30, 2021, we have not been able to tanker loading facilities.
meet all of the key conditions necessary to make It would have received gas for processing via
a final investment decision ... [It] became appar- the Maritimes and Northeast pipeline and then
ent that cost pressures and time constraints due exported the resulting LNG to Asia, Europe and
to COVID-19 have made building the current South America. ™

Rendering of Goldboro LNG export terminal (Photo: Goldboro LNG)

Week 27 08•July•2021 www. NEWSBASE .com P11