RE:RE:RE:RE:RE:ripetJust as they have contracted sales (at least 50%) they will have contracted supply, especially from producers using their processing facilities. PONY for sure, probably BIR. It’s probable that some capacity is reserved for open-market sources, but I don’t have any data to back that up. Pembina is building their own terminal, sourced from their own supply, so I’d be surprised if they were in the loop but it’s possible. Anyone with Montney gas is a potential supplier.
FYI I just found an article outlining a $21.85US netback to suppliers for RIPET shipments, after terminal and transport costs of $17.60US.
There’s a lot of information that could be called proprietary and not for public release, so some questions won’t get answers without some digging.
mnztr wrote: Do you know definitively what the operating model is for RIPET? Does ALA buy on the open market and then sell it? I think this is the case as ALA is the marketer of the exported product....
Sadie222 wrote: Transport cost is independent of product cost, whether tanker or pipeline. If PONY claims they are getting Asia rates, I’ll take their word for it. It may be f.o.b. RIPET and they pick up the tab to get it there, but that’ll be priced by quantity shipped and won’t change if the price of propane changes.
RIPET won’t give it away, they’ll do well enough, but most of the premium will go to the producers.
mnztr wrote: Actually they probably get a good chunk of that, how else are producers gonna get their propane to Asia?
Sadie222 wrote: ALA has no gas. They own shares in at least one small suppler, but they make their money on the processing and transport.
I haven’t seen any numbers on what RIPET makes on a shipment. Suppliers get (afaik) Asia pricing for their propane, which is maybe 3X Alberta pricing, but RIPET doesn’t see much of that, if anything.
fisher65 wrote: does anyone know how much ala make on each tanker load and are they selling there own gas or another supplier
thanks