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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 bossuon May 01, 2021 12:08pm
377 Views
Post# 33108432

Competition from Watson near Prince Rupert

Competition from Watson near Prince RupertVery small facilities and not a big competitor to RIPET/FERNDALE 


About the Prince Rupert Terminal
We are proud to announce the official start-up of our first propane marine export facility, the Prince Rupert Terminal.
 
Dry commissioning was completed on March 19, 2021 and Pembina began loading propane onto vessels destined for international markets on April 9, 2021. The start-up of this facility is a major step in providing new market solutions and helping add incremental value to Western Canadian hydrocarbons.
 
Located on Watson Island in the vicinity of Prince Rupert, B.C., the facility is best viewed as a small-scale rail terminal, moving LPG from rail cars to vessels destined for international markets.
 
There is no on-site processing or refrigeration, and the terminal is limited to handling and storage.
 
The facility is comprised of approximately 5 kilometres of new rail ladder tracks and three above-ground propane storage spheres. Propane is offloaded and stored at the rail terminal following delivery by CN via its existing rail lines. The terminal is expected to operate at 20,000 barrels per day with a capacity of 25,000 barrels per day. Propane is the only product that Pembina plans to handle at the facility. The propane is extracted off site from natural gas supply in northern BC and Alberta and will be transported from our Redwater Complex northeast of Edmonton to Prince Rupert by rail. The project capital budget was $250 million.
Pembina’s propane export terminal in the Prince Rupert area is a welcome investment in our province. 

Can accomodate small LPG Tankers with limited capacity 
Ex Marigola Gross 12800 T
......Pertusola Gross 12800 

 
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