03:47:57 EDT Sat 20 Apr 2024
Enter Symbol
or Name
USA
CA



Pieridae Energy Ltd
Symbol PEA
Shares Issued 158,247,352
Close 2022-08-09 C$ 1.22
Market Cap C$ 193,061,769
Recent Sedar Documents

Globe calls for more of what TC Energy can provide

2022-08-10 07:47 ET - In the News

See In the News (C-TRP) TC Energy Corp

The Globe and Mail reports in its Wednesday edition that Europe has a natural-gas shortage, and Canada is one of the world's largest producers of natural gas. A Globe editorial says the problem is Canada has no capacity to export gas anywhere other than the United States. This country is still profiting somewhat from the European crisis, since as American producers push as much gas as possible onto ships bound for Europe or Asia, they are in part backfilling with imports of Canadian gas, via pipeline. There are already investors willing to bet that Canada could be one of those major new LNG suppliers. The $40-billion LNG Canada project, with an export terminal in Kitimat, B.C., at the end of TC Energy's Coastal GasLink pipeline, aims to be up and running by 2025. A $5.1-billion project known as Woodfibre wants to be operating by 2027. On the East Coast, the Spanish energy firm Repsol is looking at creating an LNG export terminal at an existing facility in Saint John, N.B., though it first has to deal with the issue of moving the gas from the wells to the Atlantic. Canada would be wise to position itself as a potential beneficiary of these investments decisions and not, as it has mostly been until now, a bystander.

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