Proposed Goldboro LNG Project Eligible for $1.5B German Loan

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but also marks an important milestone in advancing the integrated Goldboro LNG project towards a final investment decision," the company stated It said the prospective US$1.5-billion German government.

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Pieridae announced on October 29, 2018 its proposed financing of upstream natural gas development to supply the Goldboro LNG Project had received written confirmation of eligibility in principle for up to US$1.5 billion of untied loan guarantees by the German federal government under its UFK program.

Press Releases PIERIDAE ELIGIBLE TO BENEFIT FROM ADDITIONAL CONDITIONAL LOAN SUPPORT FROM THE german government october 29, 2018 CALGARY, ALBERTA – October 29, 2018 – Pieridae Energy Limited ("Pieridae") (TSXV: PEA) is pleased to announce that its proposed financing of upstream activities within the Goldboro LNG project has received a written confirmation of eligibility in principle.

Rendering of the proposed goldboro lng facility. image: pieridae Energy. KJIPUKTUK (Halifax) – Waves of precipitous financial distress among Alberta natural gas producers, exacerbated by a recent Supreme Court of Canada decision, appear to be catching up with Pieridae Energy- promoter of the $10 billion proposed goldboro liquefied natural gas plant in Guysborough County.

At the same time, the German funding is also a major milestone in advancing the Goldboro LNG project towards a final investment decision, said Pieridae Energy. The prospective $1.5bn loan from the German government to Pieridae Energy adds to a similar confirmation of UFK eligibility it had made to offer a loan of up to $3bn for the proposed.

CALGARY, Alberta, Oct. 29, 2018 (GLOBE NEWSWIRE) – Pieridae Energy Limited ("Pieridae") (PEA – TSXV) is pleased to announce that its proposed financing of upstream activities within the Goldboro LNG project has received a written confirmation of eligibility in principle for up to US $1.5 billion of untied loan guarantee by the German federal government under its UFK program.

Pieridae Energy announced that its proposed financing of upstream activities within the Goldboro LNG project has received a written confirmation of eligibility in principle for up to US $1.5 billion.

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The company recently completed the Gorgon LNG project in Australia, which is very similar in size and scope to Goldboro. KBR has also been involved in virtually every proposed LNG project in Canada.