Royal Vopak and AltaGas Ltd. are partnering on a new 50/50 joint venture to further evaluate development of the Ridley Island Energy Export Facility.
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AltaGas and Idemitsu will assume full ownership of Petrogas, one of the largest privately held midstream and logistics companies in North America with operations dating back to 1986.
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The Ridley Island Propane Export Terminal uses CN’s rail network to transport propane from Alberta and British Columbia for export to global markets.
Read More The facility began introducing propane feedstock in mid-April 2019, and the first shipment departed the terminal on May 23, 2019, bound for Asia.
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The focus of last week’s Trader’s Corner was Canadian propane inventory, which is setting five-year lows for this time of year. As we pointed out, a big reason is increased exports by Canadian producers.
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More LP gas is on the move, leaving from North American coasts and bound mainly for Asian destinations,…
Read More The Ridley Island Propane Export Terminal will provide a location advantage with a 10-day shipping time to Asia from Canada’s West Coast.
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AltaGas says it has about 75 percent of its supply secured for the Canadian Ridley Island Propane Export Terminal.
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AltaGas’ North Pine NGL separation facility began operations in early December. The facility has a capacity of 10,000 barrels per day and will allow for the transport of LP gas to North American markets.
Read More Astomos Energy plans to purchase 50 percent of the propane exported from AtlaGas’ Ridley Island Export Terminal in Prince Rupert, British Columbia, Canada.
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