RE:RE:RE:RE:RE:Ripet revenue potential??imal4it wrote: From the ALA website:
On October 18, 2016, AltaGas was granted approval from the National Energy Board for a 25-year licence to export up to 1.35 million tonnes of propane per year. However, the Ridley Island Propane Export Terminal Project has been designed to ship up to 1.2 million tonnes of propane per year.
Source:
https://www.altagas.ca/infrastructure/projects/ridley-island-propane-export-terminal And
Propane Daily Price $0.64 per gallon, roughly $362 per tonne
Mont Belvieu, TX Propane Spot Price FOB, US$ per gallon
As of: Monday, April 29, 2019
Source: US Energy Information Administration
Therefore at
full capacity at todays price the annual revenue could be estimated at:
1,200,000 x 362 = 43 Million US Dollars total revenue.
Source:
https://www.indexmundi.com/commodities/?commodity=propane
It is difficult to calculate and include the fact that all of the Gas processed will be processed at our Altagas processing facilities. I guess Cornhill’s estimate of + 500 Million annually was not far off.
“ The Cornerstone investment” in RIPET with the expansion plan in place can be a real boost to earnings going forward.
THanks to all fo4 your efforts !