Pieridae Energy (Canada) Ltd. says it has received Canadian approval to export natural gas in liquefied form to Europe from a proposed terminal in Nova Scotia.

The company says the National Energy Board has granted it 20-year licences to import gas from the United States and to export it from the proposed Goldboro LNG terminal.

An affiliated company has already received similar approvals from the U.S. Department of Energy.

Pieridae is one of three groups that has sought the National Engery Boards's approval for liquefied natural gas terminals in Atlantic Canada.

It says a final decision on whether to build the LNG terminal is expected in 2016.