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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The retail propane community was once a prominent component of the overall domestic demand picture, but the shale boom created other demand options.
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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.
Read More Propane retailers have had a lot to unpack coming out of the winter heating season and preparing for the next. It’s that preparation for the 2020-21 winter that has received much of the attention from energy market analysts.
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The facility began introducing propane feedstock in mid-April 2019, and the first shipment departed the terminal on May 23, 2019, bound for Asia.
Read More Strong natural gas liquids production in western Canada over the past two years has underscored the need for Canadian producers to seek demand outlets, particularly for propane.
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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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Royal Vopak, a tank storage company, partnered with AltaGas to invest in the development of the Ridley Island Propane Export Terminal.
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