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AltaGas Charts a New Course for Canadian Energy With First Cargo and Grand Opening of Ridley Island Propane Export Terminal
AltaGas Charts a New Course for Canadian Energy With First Cargo and Grand Opening of Ridl...
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[{"type":"text","content":"\n\n\n\nAltaGas Charts a New Course for Canadian Energy With First Cargo and Grand Opening of Ridley Island Propane Export Terminal\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, May 28, 2019\n\n\n\nCanada emerges as a global propane supplier with completion of the country's first liquefied petroleum gas (LPG) marine export facility\n CALGARY, May 28, 2019 /CNW/ - AltaGas Ltd. (AltaGas) (TSX: ALA) today celebrates the grand opening of its Ridley Island Propane Export Terminal (RIPET), located in Prince Rupert, British Columbia – the first marine export facility for propane in Canada. The facility began introducing propane feedstock in mid-April, and the first shipment departed the terminal on May 23, 2019 bound for Asia.\n\n \n \n\n \n\"The completion of this game-changing project and the shipment of our first cargo are historic milestones for AltaGas, as well as for our project partners, customers, local Indigenous Peoples, surrounding communities, and western Canada's upstream energy sector,\" said Randy Crawford, AltaGas' President and Chief Executive Officer. \"With RIPET now operational, we can offer producers a uniquely complete solution for their propane, providing premium netbacks and market optionality, while also positioning AltaGas to profitably grow our Midstream footprint – a true win-win for AltaGas and our customers.\" \nRIPET allows AltaGas to leverage the strength of its assets along the energy value chain in western Canada – from gas gathering and processing, to liquids handling, fractionation and export – by attracting increasing volumes and enhancing throughput. The ability to provide access to premium overseas markets, where demand for cleaner fuels is growing, is anticipated to be a significant catalyst for further growth within AltaGas' Midstream business.\n\"RIPET signals to our customers overseas that Canada can deliver on energy exports, and the facility will make significant long-term contributions to international trade, support economic growth in no...