popular articles

Pieridae Energy Supports TC Energy

In Canada, Pieridae is proposing the construction of a major LNG terminal. The latter is not feasible without an extension of TC Energy's pipeline network.

Please share:

Pieridae Energy, which is proposing an LNG terminal on the east coast of Canada, is supporting TC Energy. It calls on the Government of Canada to ensure that TC Energy obtains the necessary permits to expand the pipelines.

Pieridae Energy relies on TC Energy pipelines

Indeed, Pieridae has an interest in seeing TC Energy obtain these permits. Alfred Sorensen, CEO of Pieridae, explains that his company’s project, Goldboro LNG, is not possible without. Expansion of TC Energy’s pipeline network is an absolute must.

Alfred Sorensen states:

“There is no alternative. Without TC Energy, there is no Goldboro LNG project.”

In a context of energy crisis, European states are looking for alternatives to Russian gas. As the winter months get tougher, many nations are looking to North America for their LNG supplies. While American LNG is flowing into Europe, Canada also has a key role to play.

Canada has many advantages. The country can count on significant LNG reserves and its geographical proximity. However, limited pipeline capacity is holding back plans to bring gas to Europe.

An essential project in the context of the energy crisis

Calgary-based Pieridae is proposing to build an LNG export terminal in Nova Scotia. The latter could then send 2.4 million tons of LNG per year from 2027, if construction starts next year. The project is estimated to cost about $3 billion.

However, this project cannot exist without an extension of TC Energy’s pipeline network. Currently, the latter is not able to meet the demand created by the Pieridae project. The company, which did not wish to comment on the discussions with Pieridae, explains that it has “practically no spare capacity”.

Thus, Pieridae appeals to the federal government. He asked her to help ensure that the process for TC Energy’s pipeline proposals is clear. The company fears numerous challenges, both legal and from outside groups. These would then severely hamper the Pieridae project.

Pieridae Energy’s general manager comments:

“We have presented our project and now we just have to wait and see. We have also talked to TC Energy, and they are the ones who have to decide to go first.”

Natural Resources Minister Jonathan Wilkinson declined to comment directly on the Pieridae project. Nevertheless, a spokesman, says:

“Canada was one of the first countries to commit to increasing oil and gas exports after the illegal invasion of Ukraine, and we continue to work with our international partners to strengthen global energy security.”

Canadian regulatory process decried by industry

In Canada, Pieridae is not the only company concerned about the country’s regulatory process. Many oil and gas industries find the latter too time consuming and expensive. On the contrary, environmental groups support such a process. They feel that past projects have not been sufficiently reviewed.

A government source explains:

“The government is happy and willing to work with the private sector to reduce friction in the regulatory process, but we are not prepared to bypass the regulatory process, or change it. We have confidence in it. And we’re not going to make uneconomic projects uneconomic.”

In fact, the government has redesigned its major project process. However, faced with significant delays, TC Energy has already abandoned two pipeline projects: Energy East and Keystone XL. The first one is facing strong public opposition, but also regulatory obstacles. Regarding the second, Joe Biden kept his election promise and revoked the permit.

Another example is TC Energy’s Coastal GasLink. This will feed the Shell-led LNG project. It has already undergone regulatory review and is 75% complete. Nevertheless, it is at the heart of First Nations protests.

Register free of charge for uninterrupted access.

Publicite

Recently published in

Diaco Aviki succeeds Thomas King at the helm of Woodway Energy Infrastructure amid expansion of its natural gas infrastructure in Texas.
Brussels announces a full exit from Russian gas by the end of 2027, despite a remaining 9% dependency and pressure on the global liquefied natural gas market.
Brussels announces a full exit from Russian gas by the end of 2027, despite a remaining 9% dependency and pressure on the global liquefied natural gas market.
US-based SiEnergy strengthens its footprint around Houston by acquiring Hughes Gas Resources, an EPCOR subsidiary, for $60mn, expanding its natural gas asset portfolio.
US-based SiEnergy strengthens its footprint around Houston by acquiring Hughes Gas Resources, an EPCOR subsidiary, for $60mn, expanding its natural gas asset portfolio.
US-based Commonwealth LNG has secured a 20-year supply agreement for 1 million tonnes of LNG per year with a major Asian company, reinforcing the development of its Louisiana terminal.
US-based Commonwealth LNG has secured a 20-year supply agreement for 1 million tonnes of LNG per year with a major Asian company, reinforcing the development of its Louisiana terminal.
Driven by economic growth and renewable energy limitations, natural gas consumption in Southeast Asia is expected to nearly double by 2050, according to Wood Mackenzie.
Egypt signed a memorandum with ExxonMobil to restart natural gas exploration in the Mediterranean on the Cairo and Masry blocks amid a sharp decline in domestic production.
Egypt signed a memorandum with ExxonMobil to restart natural gas exploration in the Mediterranean on the Cairo and Masry blocks amid a sharp decline in domestic production.
Golar LNG finalised long-term charter agreements with Southern Energy S.A. for two FLNG units offshore Argentina, generating a projected order backlog of $13.7bn.
Golar LNG finalised long-term charter agreements with Southern Energy S.A. for two FLNG units offshore Argentina, generating a projected order backlog of $13.7bn.
Brazil's gas market shifts toward spot contracts, driven by pricing gaps and greater contractual flexibility for local distributors.
Brazil's gas market shifts toward spot contracts, driven by pricing gaps and greater contractual flexibility for local distributors.
Ukraine will receive a €270 million loan from the European Bank for Reconstruction and Development, backed by a Norwegian grant, to secure gas imports over two winters.
The natural gas-to-electricity project led by CH4 Systems with several partners has been recognised by the Export-Import Bank of the United States for its energy and economic impact in Guyana.
The natural gas-to-electricity project led by CH4 Systems with several partners has been recognised by the Export-Import Bank of the United States for its energy and economic impact in Guyana.
Bp awards a contract valued between $150mn and $300mn to Subsea Integration Alliance to develop the offshore Ginger field under a new global framework agreement.
Bp awards a contract valued between $150mn and $300mn to Subsea Integration Alliance to develop the offshore Ginger field under a new global framework agreement.
OQ Trading has signed a long-term sales agreement with Amigo LNG in Mexico to purchase 0.6 million tonnes of liquefied natural gas annually, with deliveries scheduled to begin in 2028.
OQ Trading has signed a long-term sales agreement with Amigo LNG in Mexico to purchase 0.6 million tonnes of liquefied natural gas annually, with deliveries scheduled to begin in 2028.
Russian attacks on Ukrainian gas infrastructure have halved national production, pushing Kyiv to seek alternative import sources to secure winter supply.
Woodside approves the development of a 16.5 Mtpa LNG facility in Louisiana, marking a key milestone in its global expansion strategy with production targeted for 2029.
Woodside approves the development of a 16.5 Mtpa LNG facility in Louisiana, marking a key milestone in its global expansion strategy with production targeted for 2029.
JERA and Saibu Gas have reached an agreement to jointly use the Hibiki LNG terminal to secure liquefied natural gas supply and support their global business development.
JERA and Saibu Gas have reached an agreement to jointly use the Hibiki LNG terminal to secure liquefied natural gas supply and support their global business development.
Calpine and ExxonMobil have signed an agreement to transport and store up to 2 million tonnes of CO2 per year from a natural gas power plant near Houston.
Calpine and ExxonMobil have signed an agreement to transport and store up to 2 million tonnes of CO2 per year from a natural gas power plant near Houston.
Ecopetrol is developing a strategy to ensure the continuity of its offshore gas projects in the Caribbean following Shell's strategic withdrawal.
The United States extends until June 27 the suspension of sanctions targeting NIS, the Serbian energy company controlled by Gazprom, providing strategic relief to gas-dependent Serbia.
The United States extends until June 27 the suspension of sanctions targeting NIS, the Serbian energy company controlled by Gazprom, providing strategic relief to gas-dependent Serbia.
Saudi Arabia plans to reduce its reliance on oil for electricity generation by using more natural gas. This change could free up to 350,000 barrels of crude per day by 2030.
Saudi Arabia plans to reduce its reliance on oil for electricity generation by using more natural gas. This change could free up to 350,000 barrels of crude per day by 2030.
The Miami-based liquefied natural gas (LNG) provider announces its name change, marking its expansion into energy solutions while consolidating its commitment to reliable and affordable LNG solutions.
The Miami-based liquefied natural gas (LNG) provider announces its name change, marking its expansion into energy solutions while consolidating its commitment to reliable and affordable LNG solutions.
Woodside has signed LNG sale and purchase agreements with Uniper, securing the supply of 2 million tonnes per year, confirming strong global demand for LNG.
Baker Hughes posted strong quarterly results, driven by a 9% increase in orders for its Industrial & Energy Technology division, despite a 50% drop in cash flow during the same period.
Baker Hughes posted strong quarterly results, driven by a 9% increase in orders for its Industrial & Energy Technology division, despite a 50% drop in cash flow during the same period.
Malaysia LNG is progressively resuming operations following an unexpected shutdown of key modules at Bintulu due to a boiler malfunction, raising questions about the impacts on Asian and international liquefied natural gas markets.
Malaysia LNG is progressively resuming operations following an unexpected shutdown of key modules at Bintulu due to a boiler malfunction, raising questions about the impacts on Asian and international liquefied natural gas markets.
French group GTT anticipates growing demand for LNG tankers following the revival of liquefied natural gas terminal projects in the United States under President Donald Trump’s leadership.
French group GTT anticipates growing demand for LNG tankers following the revival of liquefied natural gas terminal projects in the United States under President Donald Trump’s leadership.

Advertising