Pieridae selects CB&I to undertake Goldboro LNG FEED

 HALIFAX, June 4, 2014 /CNW/ - Pieridae Energy Canada (Pieridae) has selected  CB&I to undertake Front-End Engineering and Design (FEED) for Goldboro LNG, a  proposed liquefied natural gas (LNG) export facility.  Goldboro LNG, the east coast of Canada and the United States' closest mainland  LNG export terminal to Europe and India, will consist of a processing plant  and facilities for the storage and export of LNG, including a marine jetty.  The facility is anticipated to produce approximately 10 million tonnes per  annum (MTPA) of LNG and have on-site storage capacity of 690,000 cubic metres  of LNG.  The FEED phase will determine the layout of the facility and associated  components, as well capital expenditures, which are currently estimated at  $8.3 billion.  "Having received Environmental Assessment approval from Nova Scotia's Minister  of Environment in March 2014, the selection of CB&I to undertake FEED is  another important milestone towards designing and constructing Goldboro LNG,"  said Alfred Sorensen, president and CEO, Pieridae.  "CB&I has served the liquefied natural gas industry for more than 50 years,  having led or participated in more than 350 LNG projects and studies in 45  countries and this award builds on that experience," said Patrick K. Mullen,  President of CB&I's Engineering, Construction and Maintenance operating group.  "We look forward to working with Pieridae on the Goldboro LNG project, which  upon completion will serve as North America's closest mainland LNG export  terminal to Europe and India."  Pending receipt of all necessary regulatory and government permits and a  positive final investment decision in 2015, Pieridae anticipates construction  taking four years, with Goldboro LNG being commercially operational in 2020.  Pieridae is in advanced discussions with several natural gas producers,  pipeline operators and LNG customers. In June 2013, Pieridae entered into a  20-year sales agreement with E.ON Global Commodities SE, a subsidiary of one  of the world's largest investor-owned power and gas companies, to deliver  approximately 5 MTPA of LNG from Goldboro LNG to E.ON.  The company has submitted an application to the National Energy Board (NEB) to  import up to 1.0 billion cubic feet per day (Bcf/d) of natural gas through the  existing pipeline systems between Canada and the United States, and export up  to 1.4 Bcf/d of natural gas, as LNG, from Goldboro, NS, to international  markets.  Pieridae anticipates that, at its peak, the Goldboro LNG terminal will create  up to 3,500 jobs during construction and 200 full-time, permanent jobs during  operations.  About Pieridae Energy  Pieridae Energy is an energy infrastructure development company focused on LNG  opportunities. Founded in 2011, the company is developing a fully integrated  LNG infrastructure business. Pieridae is currently developing Goldboro LNG,  www.GoldboroLNG.com, a proposed export LNG terminal located in Goldboro, Nova  Scotia, Canada.    SOURCE  Pieridae Energy Canada  Sean Lewis NATIONAL Public Relations Tel: 902.332.8025  Email:slewis@national.ca  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/June2014/04/c8330.html  CO: Pieridae Energy Canada ST: Nova Scotia NI: OIL CST  
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