GUYSBOROUGH – Pieridae Energy has applied to the Nova Scotia Utilities and Review Board for a "permit to construct" its planned $10 billion (US) Goldboro LNG project.
As a result, the UARB is hosting a public information session in Goldboro on May 14, as advertised in this edition of the Guysborough Journal. The role of the board in this process will be outlined at the session, and members of the public will have an opportunity to ask questions regarding the jurisdictional responsibility of the board. The session is not a public hearing.
Pieridae's final investment decision (FID) for Goldboro LNG is expected by the end of June, Mark Brown, Pieridae's director, project development, told The Journal Monday this could be a "soft" FID, with a "definitive FID" in early-to-mid 2019.
Asked about the difference between the two decision points, Brown said a "soft FID" would mean that "most of the major items outstanding could be defined as complete, with only one or two left that we would have a good sense of direction about, but which need to be finalized."
In its application for a permit to construct, Pieridae says it "has advanced the commercial, environmental and financial aspects of the Project. It will imminently conclude, amongst other matters, an engineering, procurement, construction and commissioning (“EPCC”) contract with its EPCC Contractor of choice, appoint its lead Financial Advisor, and is continuing in its efforts to satisfy all Environmental Assessment conditions. Pieridae is poised to take its final investment decision this year and, as such, wishes to apply for its Permit to Construct."
The facility will include an onshore gas processing plant, a marine terminal for the loading of LNG onto LNG carriers and a wharf for mooring associated support vessels and unloading materials during construction.
The application includes a section on "benefits to Nova Scotians." Pieridae says it is committed to "maximizing the economic benefits for the local, regional and indigenous communities. Early in the project’s development, Pieridae engaged with local economic development agencies, the community (through Open House events and the establishment of the Community Liaison Committee), Fisheries (through the Fisheries Liaison Committee) and First Nations groups, to identify opportunities and businesses that could provide labour, goods and services to the Project in order to maximize the Nova Scotia content, as well as working with local educational institutions to identify local training opportunities."