Pieridae Energy ( OTCPK:PTOAF ), one of the Canadian companies that has proposed an east coast liquefied natural gas terminal, has asked the federal government to help ensure pipeline operator TC Energy ( NYSE: TRP ) would be able secure permits to expand gas supply pipelines in a timely fashion, Reuters reported Thursday.
Pieridae ( OTCPK:PTOAF ) CEO Alfred Sorensen said its Goldboro LNG project can proceed only if TC Energy ( TRP ) expands capacity on its existing pipeline network.
"Without TC Energy, there is no Goldboro LNG project," Sorensen told Reuters.
Pieridae ( OTCPK:PTOAF ) has proposed building a 2.4M metric tons/year export terminal in Nova Scotia, which could begin shipping in 2027 if construction starts next year, but TC Energy's ( TRP ) existing pipeline network is not large enough to ship the amount of gas that would be required.
TC Energy's ( TC ) Coastal GasLink pipeline in British Columbia, which will supply the Shell-led LNG Canada project, is under construction but facing ongoing protests and even violence from environmental groups .
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Pieridae in talks with Canada government, TC Energy about LNG project