Canadian company considers purchase of Marcellus natural gas assets
Tuesday, May 30, 2017
by Matt Warnock
Pieridae Energy Ltd., the company behind a proposed liquefied natural gas terminal on Canada's east coast, is looking to buy gas-producing assets in western Canada or the Marcellus shale play, Reuters reports. Pieridae’s chief executive, Alfred Sorensen, told Reuters that the Calgary-based company wants to buy about 200 million cubic feet a day of natural gas production to supply its proposed terminal and would consider purchasing a company or just its gas-producing assets. For more, read the full story.