LNG / CNG
Contact Exploration In Negotiations for New Brunswick Natural Gas Assets
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Contact Exploration Inc. is pleased to announce that it is currently negotiating with Pieridae Energy Canada a participation and earning agreement respecting Contact’s New Brunswick natural gas assets. Pieridae is a Canadian energy infrastructure development company that has announced the development, along with RWE Group of a liquefied natural gas (“LNG”) export facility (the “Goldboro LNG Facility”) in Goldboro, Nova Scotia, Canada.
In addition to setting forth the framework for the funding and joint development of Contact’s New Brunswick natural gas assets, the Proposed Agreement is to contemplate that Contact will exclusively manage the operations of any investment made by the partners in the Goldboro LNG Facility with respect to the exploration and development of all potential…
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