About usWhat We Do

What we do and how we do it

Pieridae Energy is a publicly traded Canadian corporation based in Calgary, Alberta with offices in Quebec City and Halifax. Founded in 2011, we are a fully integrated Liquefied Natural Gas (LNG) infrastructure company active at every stage of the LNG value chain, from exploration and production of crude oil and natural gas to the development and operation of a complete LNG terminal.

What is «Liquefied Natural Gas»

Natural gas is one of the cleanest-burning fossil fuels. It is also considered plentiful in North America. Natural gas reserves are, however, located far from places where it can be used. Liquefied Natural Gas (LNG) is simply natural gas chilled down to about minus 160° C (minus 260° F). This temperature turns natural into a liquid, shrinking its volume by a magnitude of 600. The now “liquefied natural gas” can be stored and transported much more easily anywhere in the world. Once LNG reaches its destination, LNG is turned back into a gas at regasification plants.

Meeting the growing Global LNG demand

Global electricity and transportation companies are now looking to replace oil with cleaner burning natural gas. As such, the demand for liquefied natural gas will likely experience growth in the international and domestic market.

Pieridae Energy’s fully integrated Liquefied Natural Gas (LNG) infrastructure will be ready and well positioned to meet that global demand thanks to:

  • Its North American portfolio of key natural gas reserves.

  • Its proximity to an existing gas pipeline infrastructure.

  • Nova Scotia’s privileged position to serve the European and global LNG market.

  • The extensive LNG experience of its management team and their connections to the worldwide LNG industry.

The Goldboro LNG terminal

Pieridae is on the leading edge of the reintegration of the LNG value chain in North America. Pieridae Energy’s Goldboro LNG terminal project consists of an LNG processing facility, storage tanks and marine works located in Nova Scotia (Canada). From its first acquisition of resources in New Brunswick to its recent merger with Pétrolia, Pieridae is building a long-term portfolio of natural gas to supply the Goldboro LNG Project. The development of its own natural gas potential allows for a comprehensive risk management strategy.

Targeting the Post 2020 LNG Worldwide market

Pieridae is targeting the next wave of worldwide LNG production, post 2020. The company has already sold 50% of the initial capacity of the Goldboro LNG Project pursuant to a 20-year, take-or-pay contract with Uniper Global Commodities SE, a 100% subsidiary of Uniper SE, one of Europe’s most important gas companies. Pieridae Energy’s world-class LNG executive team is also actively pursuing other market opportunities.

Want to learn more about LNG Goldboro?

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