Company proposes LNG project in eastern Nova Scotia

GUYSBOROUGH, N.S. — A liquefied natural gas export project is being proposed in Nova Scotia’s eastern shore.The president of Pieridae Energy Canada says he is looking for sources of gas to be liquefied and exported from the Guysborough County community of Goldboro, about 200 kilometres northeast of Halifax.Alfred Sorensen, who formed the company 18 months ago, says his proposal calls for the storage and export of five million tonnes of liquefied natural gas per year.Sorensen, who made the announcement in Goldboro, says the project could cost close to $5 billion but he didn’t say whether he was seeking capital funding.He says it could proceed in 2018, but must still clear an environmental assessment.There have been past efforts to proceed with such a development in the area, but Sorensen says his project is different because his goal is to buy natural gas and export it to markets such as Europe and India.Prior proposals that did not proceed aimed to purchase supplies of liquefied natural gas and process it in Goldboro.Sorensen is also the CEO of Calgary-based energy firm Canadian Spirit Resources Inc. National Post read more