About Watson exporting LPG facilities.From the PPL financial report:
«Prince Rupert Terminal Expansion Status: Deferred The Prince Rupert Terminal Expansion will increase the export capacity of the Prince Rupert Terminal.
. Engineering of the expansion is well advanced and Pembina expects to make a final investment decision in the first quarter of 2022. Prince Rupert Terminal Expansion Status»
Altagas should try to make an offer to buy this ongoing 25 000 LPG per day to consolidate its position as a bigger LPG exporter in North Western BC .
From 50 000 b/d at RIPET/50 000 b/d at Ferndale and 25 000 b/d at Watson Island near Prince Rupert.
Note:
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.
Why PPL delaying the decision ?