Pieridae to spend $16 million on proposed Goldboro LNG project

By
Drake Lowthers
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CALGARY, ALTA: Fueled on the expectations of a 10-fold increase in its net operating income, Pieridae Energy Ltd. is planning to invest in its proposed Goldboro LNG facility in a Final Investment Decision (FID). On December 12, Pieridae announced a pre-FID capital budget of $32 million for 2020, along with a $16 million development expense…

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Drake Lowthers

Drake Lowthers is the editor of The Strait Area Reporter, where he leads coverage of the people, stories, and events that shape northeastern Nova Scotia and western Cape Breton Island. Originally from the Annapolis Valley, and calling Antigonish home for the past decade, he has a passion for community journalism, and has told hundreds of stories that highlight local voices - from grassroots initiatives to provincial issues that affect everyday life - in a creative, yet thought-provoking way. His dedication to excellence in journalism has earned multiple recognitions on the national stage, confirming his belief in the vital role of local news in informing, connecting, and strengthening communities. When he isn’t in the newsroom, Drake is deeply engaged in the Antigonish community, where he continues to advocate for collaboration and building a stronger future together.

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Drake Lowthers
Drake Lowthers is the editor of The Strait Area Reporter, where he leads coverage of the people, stories, and events that shape northeastern Nova Scotia and western Cape Breton Island. Originally from the Annapolis Valley, and calling Antigonish home for the past decade, he has a passion for community journalism, and has told hundreds of stories that highlight local voices - from grassroots initiatives to provincial issues that affect everyday life - in a creative, yet thought-provoking way. His dedication to excellence in journalism has earned multiple recognitions on the national stage, confirming his belief in the vital role of local news in informing, connecting, and strengthening communities. When he isn’t in the newsroom, Drake is deeply engaged in the Antigonish community, where he continues to advocate for collaboration and building a stronger future together.