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Bullboard - Stock Discussion Forum 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... see more

TSX:ALA - Post Discussion

AltaGas Ltd > Competition from Watson near Prince Rupert
View:
Post by bossu on May 01, 2021 12:08pm

Competition from Watson near Prince Rupert

Very 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 

 
Comment by Rocko58 on May 01, 2021 4:53pm
Yes, small now, but how will the change in rail logistics impact an increase in volumes at RIPET.
Comment by rfguysd on May 02, 2021 12:35pm
Rocko58: What are your thoughts?  How  familiar are you with CNR and  the track system around Prince Rupert?  Beautiful  area. I  have been noticing  a lessening of the RIPET throughput over the last  few months , the opposite one would expect with increased demand and prices  in the FAR EAST.  This is just the opposite for Ferndale.  There ...more  
Comment by marketsense on May 02, 2021 2:02pm
Great post.   One can readily see the bottleneck issue involving rail only.   This is going to cause delays in scheduling.   CNR doesn't care,   their profits are fantastic.  The Feds don't care but they should.   Just another example of stupid thinking.   Pandering to enviro groups  and natives might win you some votes but not smart for the whole ...more  
Comment by Bushman3333 on May 02, 2021 3:21pm
The Native are big problem for Canada, they are bunch of useless people, all they do cry , crocodle tears, wolf cry.they are obstecle to make canadian life better, this is fact
Comment by Bushman3333 on May 02, 2021 3:22pm
The Native are big problem for Canada, they are bunch of useless people, all they do cry , crocodle tears, wolf cry.they are obstecle to make canadian life better, this is fact
Comment by stocktalk on May 02, 2021 8:08pm
Maybe, that is why China is so economically developed nation, they do what every they want to build the country. We are a bleeding heart nation going broke soon.
Comment by Rocko58 on May 02, 2021 8:04pm
RF guy, I only know what I see on maps supplied by RIPET and WIPET termials . There is only one siding feeding both terminals Extra rail was added in front of WIPET new construction to stage rail tank cars.  I  just haven't heard if CNR has  added more cars(tankers) to their fleet servicing Alberta and BC.   Does anyone know where that data might might be kept?  & ...more  
Comment by GunnerG on May 03, 2021 9:32am
Article talks about projects.  Click Here
Comment by Rocko58 on May 03, 2021 11:24am
Thanks Gunner,  It looks like Keith Norbury is well informed on west coast proposals.  I've bookmarked this site to check on regularly. It looks like the "port" is BIG business for CNRail. I hope they're up to the challenge!! 
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