Canada’s Pieridae Energy picks Goldboro LNG financial advisors

Canadian LNG project developer Pieridae Energy said Tuesday it hired Morgan Stanley & Co. and SG Americas Securities (Société Générale) to serve as financial advisors for its Goldboro LNG export project on the east coast of Canada.

Pieridae said it aims to raise up to $10 billion in equity and project financing to “fulfill its mandate to become the first independently operated integrated LNG project in North America.”

Pieridae Energy is currently developing a 10 million tonnes/year project at the Atlantic Ocean coast. The facility will be located at the Goldboro Industrial Park in Guysborough County, Nova Scotia, Canada.

The natural gas supply feeding the project would be delivered via the existing Maritimes & Northeast pipeline.

The target markets for the LNG produced at the Goldboro LNG project are Europe, South America and Asia, according to Pieridae.

First production from the facility is expected post-2020.