at the recent G7 summit about the possibility of a new LNG terminal on Canada’s East Coast and renewed interest in proposed liquefaction projects in Nova Scotia and New Brunswick are fuelling speculation that the tides may finally be turning in favour of LNG exports from Atlantic Canada.
Calgary-based Pieridae Energy Ltd. announced that it will conduct a new feasibility study for its proposed Goldboro LNG project in Nova Scotia, which was shelved last year over the necessity of upgrading pipelines to the plant and the potential for cost overruns that could make it uneconomic to proceed.
A smaller terminal could handle volumes of around 300 to 400 million cubic feet per day of gas, Sorensen said, versus the previously envisioned capacity of over 1 billion cubic feet per day . Alfred Sorensen, president and CEO of Pieridae Energy, at an announcement at the Glenbow Museum in Calgary.However, Sorensen and other proponents of LNG in Atlantic Canada are hopeful that political circumstances — and public opinion in Quebec in particular — may have shifted enough to temper opposition to the project in Eastern Canada; though a lengthy permitting process, stakeholder pushback, and inflationary pressures could still delay development for years.
Sorensen clarified that work remains to fully understand the extent to which the project’s risk profile may have changed. And experts say a lengthy permitting process, stakeholder pushback, and inflationary pressures could still pose significant obstacles to development.Article content
So the Davos crew gave him go ahead?
Canada’s hesitation costs them dearly. Comes down to poor leadership and no foresight. We were leaders in aviation design, rockets, nuclear….the list goes on
Almost like the West was right the whole time huh?
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