Building a brighter energy future for our country and the world.
|2011||Our story began with the founding of Pieridae in February of 2011.|
|2012||We announced the development of the multi-billion-dollar Goldboro LNG Project on Canada's East Coast.|
The beginning of our Pieridae advantage! We signed the agreement with German energy company Uniper, where they agreed to buy half of Goldboro LNG’s gas for 20 years.
Our philosophy of respectful engagement with First Nations peoples led to the signing of a benefits agreement with the 13 Chiefs of the Assembly of Nova Scotia Mi'kmaq Chiefs.
We received confirmation of eligibility in principle of an untied loan guarantee of US$3.0 billion from the German Government for construction of the LNG facility.
Another major milestone was the purchase of the 256.6 acre Goldboro LNG project site from the Municipality of the District of Guysborough.
A further step toward becoming fully permitted as we received export approvals from the Canadian Energy Regulator (formerly NEB) and the U.S. Department of Energy.
We were pleased to complete the acquisition of Pétrolia and evolve further as Canada's only integrated LNG company.
Our initial front-end engineering and design (FEED) study was completed.
Our second large acquisition year as we acquired Ikkuma Resources and expanded our gas assets in the Central Alberta Foothills.
We received additional confirmation of eligibility in principle for up to US$1.5 billion of untied loan guarantees by the GermanGovernment under its UFK program to support upstream development, bring the total to US$4.5 billion.
The Nova Scotia Utility and Review Board issued the permit to construct the Goldboro LNG Facility, taking us even closer to supplying cleaner-burning energy to global markets.
|2019||We expanded our footprint in Alberta and our production growth increased to 40,000-45,000 boe/d with the acquisition of Shell’s Foothills assets.|
Pieridae graduated to the TSX!
We hired globally respected firm Bechtel to design and build the Goldboro LNG Facility.
The company signed a Letter of Award selecting Black Diamond and the Nova Scotia Mi’kmaq to exclusively negotiate the contract to build a $720 million workforce lodge and amenities for 5,000 workers during the four-year construction phase of the LNG Facility.
|Future||Follow us on social media to follow our accomplishments!|