Canada's Pieridae Energy in talks to sell LNG to Swiss utility [Reuters]
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Source: Reuters
Canada's Pieridae Energy in talks to sell LNG to Swiss utility | Reuters 3 Min Read LONDON/WINNIPEG, Manitoba (Reuters) - Pieridae Energy, considering whether to build Canada’s first major liquefied natural gas (LNG) export terminal, is in talks with Axpo, a Swiss utility and energy trader, for a 10-year supply deal, the companies said on Thursday. A sales and purchase agreement would boost the chances that Pieridae would decide to build the C$10 billion ($7.6 billion) Goldboro project in Nova Scotia on Canada’s Atlantic Coast, although high hurdles remain. Canada is rich in gas but has yet to export major shipments of LNG to Asia from its Pacific Coast or across the Atlantic. The lack of big export terminals has depressed natural gas prices in Canada, while U.S. producers benefit from terminals along the Gulf Coast. Axpo said in a statement that it would buy LNG from Goldboro’s second train, or liquefaction unit, for sales across Europe. Deliveries are estimated to begin in the third
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