Thursday, October 12, 2017

AltaGas hails progress of construction at Ridley Terminal Export site

The construction timeline is progressing well and there is growing interest
from suppliers in the AltaGas facility at Ridley Island

(photo from AltaGas website)

The Alberta based Energy Company Alta-Gas is highlighting two items of note related to the ongoing construction of the liquid propane gas export terminal at Ridley Island, sharing some benchmarks with investors through a quarterly update released earlier this month.

In their notes for investors, the company noted that the construction program for the shipment terminal at Ridley continues on pace, with the third of eight concrete pours recently completed and the schedule calling for the final pour to come towards the end of this year.

As the construction process moves forward, AltaGas also notes that they have been receiving increased inquiries from Western Canadian producers and aggregators who are looking for new access to premium Asian markets for their propane.

That interest could deliver increased volumes through the Prince Rupert facility once it goes into operation. Towards the anticipated completion date, AltaGas notes that the both the construction timeline and budget remain on track with the terminal expected to enter service in the first quarter of 2019.

The update came part of a wider overview of AltaGas projects in Alberta, which you can review here.

Earlier this year, AltaGas began the construction of the massive storage tanks that will receive the liquid propane by rail car from Alberta processing plants, the company will share docking facilities with Ridley Coal on the Ridley Island site

You can review the project and the past items of note related to it from our archive page here.

1 comment:

  1. So, then an LNG carrier would also save 15 days from Rupert. Wow... How did Altagas get this project approved, it makes too much sense... I am surprised someone didn't find a way to stop them.