Calgary-based Pieridae Energy announced the Nova Scotia Mi’kmaq Benefits Agreement it entered into with the Assembly of Nova Scotia Mi’kmaq Chiefs has been ratified.

Goldboro LNG will produce LNG for sale to Europe and other markets

Pieridae Energy Limited announced on Tuesday that the Nova Scotia Mi’kmaq Benefits Agreement which it negotiated with the Assembly of Nova Scotia Mi’kmaq Chiefs has been ratified.

“We are looking forward to collaborating with the Mi’kmaq of Nova Scotia, and their leadership, in realizing for them the benefits of this important project,” said Alfred Sorensen, CEO of Pieridae.

This Benefits Agreement establishes the framework under which the Mi’kmaq of Nova Scotia will benefit economically from the development, construction and operation of the Goldboro LNG Project.

A Memorandum of Understanding signed in 2013 originally outlined the relationship between Pieridae and the Mi’kmaq in Nova Scotia and this new Benefits Agreement underscores Pieridae’s commitment to ongoing engagement and relationship building with the First Nations communities in Nova Scotia.

“Nova Scotia is unceded Mi’kmaq territory and the management of our lands and resources is a priority for our Nation,” said Chief Terrance Paul, Co-Chair for the Assembly of Nova Scotia Mi’kmaq Chiefs.

Paul says the agreement is an example for how companies can respect Mi’kmaq rights and title and, at the same time, provide an opportunity for Mi’kmaq participation in the development of their lands.

“As we look to ensure responsible development and environmental stewardship that reflect a Mi’kmaq voice, it’s important that we can bridge that gap with industry.”

The Goldboro LNG project consists of an LNG processing facility, storage tanks and marine works. The facility will be located in Guysborough County, Nova Scotia, Canada. The company’s target markets are Europe, South America and Asia.

The $5-to-10 billion Goldboro LNG is anticipated to produce approximately ten million metric tonnes of LNG per year and have on-site storage capacity of 690,000 cubic metres of LNG.  Commercial operations are expected to begin in 2023.