Sept 29 (Reuters) - Pieridae Energy Ltd PEA.V said on Tuesday that engineering firm Bechtel will provide a proposal to build the Goldboro liquefied natural gas export plant that the Canadian energy company is developing in Nova Scotia.
Pieridae sought a new engineering firm after its previous contractor - KBR Inc KBR.N - said it would focus on government work and exit most LNG projects. said Bechtel would deliver a fixed-price proposal by May 31, 2021.
A spokesman for Pieridae said that would keep the company on track to make a final investment decision by June 2021 to build the proposed $10 billion Goldboro plant and enable the project to start producing LNG in 2025-2026.
In April, Pieridae said it would delay a final investment decision until after Sept. 30 as government efforts to curb the coronavirus outbreak cut global economic growth and energy demand. is one of several companies developing North American LNG export plants that have delayed projects as global gas prices TRNLTTFMc1 JKMc1 dropped to their lowest levels in years in an oversupplied market in 2019, and then plunged to record lows in 2020 with the coronavirus-induced collapse in demand. is designed to produce almost 10 million tonnes per annum (MTPA) of LNG, or about 1.3 billion cubic feet per day (bcfd) of natural gas.
Pieridae has a 20-year agreement to sell all of the LNG from the first liquefaction train at Goldboro - about 5 MTPA - to German utility Uniper SE UN01.DE starting between Nov. 30, 2024 and May 31, 2025.
Pieridae said it expects construction to take about 56 months.
<^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Pieridae says KBR will not provide fixed-cost contract for Nova Scotia LNG plant
KBR to focus on government contracts, quit natural gas, energy business
FACTBOX-North American liquefied natural gas export projects