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home / news releases / PTOAF - Pieridae to weigh options for proposed LNG export plant in Nova Scotia

PTOAF - Pieridae to weigh options for proposed LNG export plant in Nova Scotia

Petrolia Inc
Pieridae Energy (PTOAF) says it will evaluate strategic alternatives for its proposed Goldboro liquefied natural gas export plant in Nova Scotia, citing cost pressures and COVID-19 time constraints that have made the project's current version "impractical."The Canadian energy firm does not describe the alternatives it is exploring, but says global prices for LNG are high and demand remains strong from Europe for the fuel.Pieridae is one of several North American LNG developers that have delayed decisions to start construction, mostly due to a lack of long-term deals needed to finance the projects.

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Pieridae to weigh options for proposed LNG export plant in Nova Scotia
Stock Information
Company Name: Petrolia Inc
Stock Symbol: PTOAF
Market: OTC
Website: pieridaeenergy.com
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