Canada's Pieridae to evaluate alternatives for proposed LNG export plant
02/07/2021 12:39
July 2 (Reuters) - Canadian energy company Pieridae Energy
Ltd PEA.TO said on Friday it would evaluate strategic
alternatives for its proposed Goldboro liquefied natural gas
(LNG) export plant in Nova Scotia, citing cost pressures and
time constraints due to the COVID-19 pandemic.
The company said it had not been able to meet all of the key
conditions necessary to make a final investment decision on the
project.
(Reporting by Arathy S Nair in Bengaluru; Editing by Shinjini
Ganguli)
((arathys.nair@thomsonreuters.com; +1 646 223 8780 (Extn 2726);
Twitter: https://twitter.com/ArathySom;))