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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

Post by rfguysdon Mar 04, 2021 2:31pm
277 Views
Post# 32717042

Ferndale Port --Altagas Export Terminal

Ferndale Port --Altagas Export TerminalFurther discussion on Ferndale.

The same arguments that lead to the construction of Ripet  can be applied to an expansion of Ferndale.  There is likely an immediate increase in propane exports from Ferndale to approach the nameplate capacity of the terminal.   I would suggest that the majority of the propane exported is from Canadian production and very little from the US side.  I find  this odd  that US producers are not using  the Ferndale terminal. (exclude the refineries on either side of Petrogas).

Review:
Nameplate capacity:  50k bbl/day.  Currently above 30k/yr.
Canadian export licence (Ferndale):  46k bbl/day . Required to export propane made in Canada.
US export licence  ;  not required if end user is cleared by state department.(?)
Ship Limitation:  48ships/yr. Wharf  lease agreement with Whatcom county.
Partnership: Idemitsu  26% /Altagas 74%. Asia marketing arm and shipper. Idemitsu can find additional customers if volume is available. Altagas is the operator of the Ferndale port. Needs  to find US producers that would ship propane  and start looking at expansion plans.
Intalco smelter recently shutdown. Pier is no longer shared with Alcoa Intalco.
Ferndale community:  Split.  50/50 half would favour  good paying jobs. Half  would favour no port or more limited shipping. Tough sell  on any changes to the port.

GLTA
RFguy.
 

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