UPDATE 2-Canada's Pieridae Energy in talks to sell LNG to Swiss utility [Reuters]
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Source: Reuters
Swiss utility in talks to buy LNG from Canada's Goldboro project | Reuters 3 Min Read LONDON/WINNIPEG, Manitoba (Reuters) - Axpo, a Swiss utility and energy trader, said on Thursday it was in talks for a 10-year supply deal with a Canadian company planning to build a liquefied natural gas (LNG) terminal. A sales and purchase agreement would boost the chances that Pieridae Energy would decide to build the C$10 billion ($7.6 billion) Goldboro project, which would be the first LNG export terminal on Canada’s East Coast. Canada is rich in oil and gas but has yet to export major shipments of LNG to Asia from its West Coast or across the Atlantic from its East Coast. “Under the term sheet with Pieridae Energy, Axpo will purchase LNG from Train 2 of the Goldboro liquefaction facility and sell it across Europe,” Axpo said in a statement. Deliveries are estimated to begin in the third quarter of 2023. The Axpo deal is ready to be finalized once Pieridae secures gas supplies from Eastern Canada
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