Why Pieridae Energy

  1. Global demand for LNG is predicted to grow from approximately ~200 MMPTA in 2010 to approximately ~400 MMPTA in 2020.
  2. Pieridae is currently Canada’s only integrated LNG enterprise holding key permits and approvals for its current stage of development.
  3. Pieridae combines the world-class expertise, experience and assets diversification of two companies – Pieridae and Pétrolia –which creates a model for effective and sustainable long-term growth.
  4. 50% of the initial capacity of the Goldboro LNG Facility is pre-sold under a 20-year, take-or-pay contract with Uniper Global Commodities SE, a 100% subsidiary of Uniper SE, one of Europe’s most important energy companies.
  5. From its first acquisition of resources in New Brunswick, to this merger with Pétrolia, Pieridae has built an initial long-term portfolio of natural gas reserves in key natural gas basins in Québec and New Brunswick with plans to increase its reserves in the near future.
  6. Pieridae’s Goldboro LNG Facility will be North America’s closest mainland LNG export terminal to Europe.
  7. Pieridae’s integrated LNG business model enhances our ability to comprehensively manage commercial risk.

For more information please refer to: Pieridae Energy - Corporate Presentation - 2019