AltaGas Ltd T.ALA

Ferndale Port --Altagas Export Terminal

[rfguysd]

Vessel Captain Markos tanker left FERNDALE port on Sat. Mar20th 10am....a 4 day fill period.  Next LPG tanker Corvette  is expected to arrive  in  a  period of 10 days between tankers.....Mar26th  in time to be included for the 1^st qtr
 
The Ferndale port has been increasing its throughput over the last few months from 30k to 43k bbls/day.  In  order to increase throughput beyond 50k bbl/day,  Altagas  will need to find additional US  propane customers in the area….. maybe from the Bakken field  area to export more propane than what is allocated on the Canadian export license.  Canadian export licence is 46k/day. 
 
 Arrival Departure  Vessel              TYPE      GT         Barrels    Days between  Ave Rate 
                                                                                                               Arrivals      throughput             
Jan29     Feb4         Captain Markos    LPG      47173       599,000
Feb17     Feb21       Cratis                   LPG      48963       622,000       19
Mar2       Mar7         Clermont              LPG      47379       602,000       13
Mar16     Mar20       Captain Markos    LPG      47173       599,000       14               
Mar26                      Corvette                LPG      48060      610,000        10             43.3k/d                     

*Assuming 12.7 barrels / metric tonne
*606,400 barrels /14.0days= 43.300 barrels / day   implied throughput rate of Ferndale. Using running average over 4 fill periods.


Nameplate capacity  50k/day
Canadian Export license : 46k/day
Calculated  rate of export :43.3k/day
US Export licence not required (?)

GLTA
RFguy

[GunnerG]

On a quarterly basis (90 days) it is ~27,000 Bbls/day or 2,420,000 for Q1.