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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.


TSX:ALA - Post by User

Comment by rfguysdon Feb 24, 2021 12:07pm
145 Views
Post# 32647483

RE:RE:RE:Ferndale Port -- Petrogas/Altagas Facility

RE:RE:RE:Ferndale Port -- Petrogas/Altagas FacilityGunnerG.    With due respect… I am looking at the satellite imaginary of the wharf   that Petrogas/Intalco exports from… there is only  landing.  The BP wharf to the north has 2 landings  and Conoco  due south has one .

Recall,  Intalco  is no longer using  the wharf since it has closed the smelter.  That allows Petrogas full access of the wharf.    There is an upper limited of 48 landings on the wharf per year  that must be adhered to Intalco/Petrogas.

Where is the propane that Petrogas exports  come  from?  From the nearby refineries…(I  think it would be a small amount from the refining process) ,  Canadian producers  or from US producers?   Why  would US producers  not be exporting through Ferndale?

There is a lot of potential for additional exports here.. 

GLTA
RFguy

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GunnerG - (2/23/2021 9:44:29 PM)
RE:RE:Ferndale Port -- Petrogas/Altagas Facility
rfguysd, I think there are two wharfs there.  One Ferndale and the other Alcoa Intalco.

Vesselfinder only shows ferndale while marinetraffic shows both.


rfguysd wrote:

Vessel Cratis-LPG tanker  left  the FERNDALE port....a 4 day fill period.  Next LPG tanker  is expected to arrive  in  a  period of 19-20 days between tankers.....March 8-10th
 
Arrival  Departure           Vessel                   TYPE      GT          Barrels Propane               
Jan29     Feb4                 Captain Markos       LPG        47173       599,000
Feb17     Feb21               Cratis                     LPG        48963       622,000
 
*Assuming 12.7 barrels / metric tonne
*600,000 barrels /20days= 30,000 barrels / day   implied throughput rate of Ferndale.


The port at Ferndale  is idle   except for the LPG tankers  filling  propane for Altagas.  Ferndale  could definately take on more exports  to approach nameplate capacity. Recall the wharf was jointly shared with Intelco but Intelco has recently shutdown .  I  would  think some capital spending to increase throughput  might be a  wise  approach  here.

Nameplate capacity  50k/day
Export license : 46k/day
Calculated  rate of export :30k/day

GLTA
RFguy

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