From Discovery to Delivery: A Fully Integrated LNG Infrastructure Company

Founded in 2011, Pieridae Energy is developing a fully integrated LNG infrastructure business covering the entire LNG value chain, from exploration and production of natural gas to the development and operation of an LNG export terminal - Goldboro LNG - opening up world markets for Canadian natural gas.

Pieridae is Canada’s only independent, fully-integrated LNG company looking to build the US$10 billion Goldboro LNG project to supply much needed natural gas to the globe

Goldboro is construction ready

We own low-cost reserves to supply the facility

We will leverage a low cost of capital to build the LNG terminal and gas production base

Pieridae has strong access to international markets

We appreciate our continued community, labour and First Nations support

Read more about the company

Pieridae:
Doing Business The Right Way

Pieridae conducts its every operation in a socially, environmentally and fiscally responsible manner.

The company and its employees are committed to giving back to the communities in which it lives and work.

It also committed to adopting and implementing environmental stewardship strategies that minimize its ecological footprint, thus ensuring the best possible future for all Canadians.

Pieridae’s every action are guided by a fair and strict code of business ethics focusing on honesty, ethics and accountability in all our dealing with our business partners, investors, government entities and the general public.

Read more about our commitments

Latest Press Releases

  • 2020/08/04 – PIERIDAE TO HOLD CONFERENCE CALL AND WEBCAST FOR Q2 2020 FINANCIAL RESULTS

    CALGARY, ALBERTA – August 4, 2020 - Pieridae Energy Limited (“Pieridae” or the “Company”) (PEA.TO) will release its second-quarter 2020 results on Wednesday, August 12, 2020 prior to markets opening.

    Chief Executive Officer Alfred Sorensen, Chief Financial Officer Rob Dargewitcz and other members of the Pieridae leadership team will discuss the financial results and Company developments at 8:30 a.m. (MDT) / 10:30 a.m. (EDT).

    Members of the investment community, shareholders and other interested parties are invited to participate by calling toll-free: 1-888-231-8191, Calgary 403-451-9838, or Toronto: 647-427-7450. Please dial in 10 minutes prior to the start of the call. No pass code is required. A live webcast of the teleconference will be available via the following URL: https://produceredition.webcasts.com/starthere.jsp?ei=1350446&tp_key=1fd0ec2ded

    A replay of the teleconference will be available two hours after the conclusion of the call until midnight (EDT) on August 19, 2020. Please call 1-855-859-2056 and enter pass code 3652577#.

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  • 2020/07/29 – PIERIDAE SECURES CAD$6 MILLION ACCOUNT SECURITY GUARANTEE FACILITY FROM EXPORT DEVELOPMENT CANADA

    Pieridae Continues to Gain Support from Key Stakeholders 

    CALGARY, ALBERTA – July 29, 2020 - Pieridae Energy Limited (Pieridae or the Company) (TSX: PEA.TO) is pleased to announce it has received approval from Export Development Canada (“EDC”) for a CAD$6 million guarantee facility as part of EDC’s Account Performance Security Guarantee (“APSG”) program. The program provides a 100% guarantee to the issuing bank of certain of the Company’s existing and future letters of credit (“LCs”). The APSG will allow Pieridae to release cash collateral requirements provided as security for certain existing and potential future LCs.   

    “We are very pleased to have this support from EDC, as this is a significant opportunity for Pieridae to free up cash collateral to redeploy to help continue to grow the Company,” said Pieridae Chief Financial Officer Rob Dargewitcz. “This facility from EDC sends a strong signal to the market that we continue to gain momentum and key support for the Company and its strategic direction.” 

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  • 2020/07/13 – KBR ALTERS ITS POSITION REGARDING THE GOLDBORO LNG FACILITY EPCC CONTRACT

    Pieridae Already in Discussions with Interested Firms to Replace Them

    CALGARY, ALBERTA – July 13, 2020 - Pieridae Energy Limited (Pieridae or the Company) (TSX: PEA.TO) has received written notice from Kellogg Brown & Root Limited (“KBR”) that KBR is no longer prepared to negotiate and conclude a lump-sum turnkey engineering, procurement, construction and commissioning (“EPCC”) contract in relation to the proposed Goldboro LNG Facility. Although KBR has indicated they remain interested in providing the EPCC services for construction of the Goldboro LNG Facility, KBR’s decision to no longer provide a fixed price contract is in apparent contravention of its obligation under the terms of a signed services agreement dated March 27, 2019, made between Pieridae and KBR.

    “With this notice from KBR, we are looking at all of our options, including discussing the matter with legal counsel to determine the most appropriate next steps,” said Pieridae CEO Alfred Sorensen. “There are other reputable and experienced firms who have the expertise to provide these services, with some already indicating a willingness to replace KBR. We have had discussions with several of them to gauge their interest.”

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