AltaGas Ltd T.ALA

Alternate Symbol(s): ATGFF | T.ALA.PR.A | ATGPF | T.ALA.PR.B | T.ALA.PR.G | ATGAF

AltaGas Ltd. is a Canada-based energy infrastructure company that connects natural gas and natural gas liquids (NGLs) to domestic and global markets. The Company’s segments include Utilities and Midstream. Its Utilities segment owns and operates franchised, rate-regulated natural gas distribution and storage utilities, which includes four utilities that operate across five United States jurisdictions. It Utilities segment also includes storage facilities and contracts for interstate natural gas transportation and storage services, as well as the affiliated retail energy marketing business. Its Midstream segment includes global exports, which includes its two LPG export terminals; natural gas gathering and extraction, and fractionation and liquids handling. Its Midstream segment also consists of natural gas and NGL marketing business, domestic logistics, trucking and rail terminals, and liquid storage capability. Its subsidiaries include Wrangler 1 LLC, WGL Holdings, Inc. and others.

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AltaGas Ltd > Highlights from RIPET in 2020

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Comment by GunnerGon Jan 19, 2021 10:01am

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Post# 32325389

RE:RE:Highlights from RIPET in 2020

Thanks Freddie. Ripet has been moving along as it was expected to. No surprises here.

FreddieMac wrote: Hi Bossu,
So you do realize that 2019 was a partial year, right ?

RIPET's first tanker departed in May 2019 (see quote from news service below).

So if you do the math (using 8 months of revenue in 2019, since they can start counting revenue as they are loading the tanker ship), the revenue amount for 2019 is PROPORTIONATELY SLIGHTLY LESS as it was in 2020.

Here is the news quote, among the many you can find using Google:

Altagas’s Ridley Island Export Terminal (RIPET) – dispatched its first cargo on 23 May 2019 aboard the VLGC – Sumire Gas – for delivery to Japan’s Kyushu LPG Fukushima terminal.

bossu wrote: Total shippement from RIPET
2019...........to Dec 31 2019 648 569 Tons
2020...........to Dec 31 2020 1 159 207 Tons

Increase shippement from 2019 79 %

Outstanding result ;
Last month 134 474 tons
Probably 44 700 bar/day in the last quarter

Only unknown number: Hedging and selling price in Japan

ALA is headind in the good direction at Ripet.