HomeArticlesPieridae Delays Nova Scotia LNG Export Plant FID Due to Pandemic

Pieridae Delays Nova Scotia LNG Export Plant FID Due to Pandemic

4/16/2020

(Reuters) — Pieridae Energy said on Thursday it delayed a decision to build the Goldboro liquefied natural gas export plant in Nova Scotia until after Sept. 30 as efforts to curb the coronavirus outbreak cut global economic growth and energy demand.  The Canadian energy firm previously said it expected to make a final investment decision (FID) to build the $10 billion project in the third quarter of 2020, which would allow it to start producing LNG between November 2024 and May 2025. “Market conditions and the global fallout from COVID-19 have impacted our ability to make a final investment decision (FID) this fall, but we are confident it will happen once conditions improve and we can bette

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