AltaGas Ltd T.ALA

YTD RIPET FERNDALE totals

[rfguysd]

Crystal River left  Ripet May 17 and Constitution left Ferndale May 18 with ¾  load.  Constitution  then proceeded to  Ripet to load the remaining ¼ . As GunnerG  pointed out Constitution left Ripet on May23rd.  Transport optimization was stated as the reason for movement of Constitution.

Vessel Gas Wisdom is to arrive at Ripet on May 31  and BW Messina is expected to arrive at Ferndale on May27th.

The table below is effective as of May31-2021. (ie includes Gas Wisdom and Messina).  
 
It is not known at this time what vessels are destined for Ripet  in June but HISUI is to arrive at Ferndale June 7.
 

		Ist qtr	2nd Qtr	YTD
Ferndale(as  of may31)
Vessels		6	4.75	10.75
EXPORTs (Barrels)		3,133,623	2,472,122	5,605,746
Ebitda (partner)		10,875,502	7,422,755	18,298,258
Ebitda (altagas)		30,953,353	21,126,304	52,079,657
Current  tput(bbls/day)			40,478
RIPET(as of may31)		Ist qtr	2nd Qtr	YTD
Vessels		8	5.25	13.25
EXPORTs (Barrels)		4,138,858	2,683,607	6,822,466
Ebitda (partner)		16,574,141	9,297,411	25,871,553
Ebitda (altagas)		38,672,997	21,693,960	60,366,957
Current  tput(bbls/day)			44,149

 
‘
Estimated  YTD transportation cost for propane to Far Est  =  136,710,326.  Recall,  that Altagas is expecting to save 30M  in costs on a yearly basis which is nearly 10% of the total cost.
 
GLTA
RFguy

[GunnerG]

How do you get .75 of a vessel to port?  The variable is the load, not the vessel. I would suggest you include the entire ship, the costs to attend the port (anchorage, tugs, etc) and wharf fees are the same regardless of full or partial load taken on. Starting to get fuzzy what exactly it is you are trying to track.  

[bossu]

To show an overall view on the EBITDA contribution from the LPG exportation look like this for 2021 (Guestimate) ..............................Ripet           Ferndale  Q1 ...................   $ 31 M            $ 38,7 M Q2 ---2 months    $ 21,7 M         $ 21,1 M Q2...................