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BRIEF-Pieridae Energy Announces Term Sheet For LNG Sale And Purchase Agreement With European Utility

May 7 (Reuters) - Pieridae Energy Ltd:

* PIERIDAE ENERGY ANNOUNCES TERM SHEET FOR LNG SALE AND PURCHASE AGREEMENT WITH EUROPEAN UTILITY

* UNDER TERM SHEET WITH PIERIDAE, OFFTAKER WILL PURCHASE UP TO 1 MILLION TONNES PER ANNUM OF LNG Source text for Eikon: Further company coverage:

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