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Pembina Pipeline Enters into LPG Export Agreement with AltaGas Ltd.
Pembina Pipeline Corporation ("Pembina" or the “Company”) (TSX: PPL; NYSE: PBA) ann...
About this update from Pembina Pipeline Corporation
[{"type":"text","content":"Pembina Pipeline Enters into LPG Export Agreement with AltaGas Ltd.\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n \n\n\n\n Pembina Pipeline Corporation (\"Pembina\" or the “Company”) (TSX: PPL; NYSE: PBA) announced today that it has entered into a new long-term agreement with AltaGas Ltd. (“AltaGas”) that provides a highly competitive export outlet further enhancing end-market diversification for Pembina and its customers.\n \n\n This press release features multimedia. View the full release here:\n \n https://www.businesswire.com/news/home/20250801392565/en/\n \n\n\n Pembina has entered into a long-term tolling agreement with AltaGas for 30,000 barrels per day (“bpd”) of liquified petroleum gases (\"LPG\") export capacity at AltaGas’ current Ridley Island Propane Export Terminal (RIPET) and future Ridley Island Energy Export Facility (REEF). Under the agreement, Pembina has secured export capacity of 20,000 bpd starting in April 2026, and an additional 10,000 bpd starting in April 2027.\n \n\n Long-term growth of natural gas and natural gas liquids increases the importance of connecting these energy products to premium markets - reliably and competitively. This agreement builds upon Pembina’s existing and valued relationship as one of AltaGas’ largest customers. In combination with 20,000 bpd of capacity at Pembina’s Prince Rupert Terminal, the Company will have 50,000 bpd of global market access off Canada’s West Coast, including to premium price markets in Asia, for its own and its customers’ propane. This capacity complements Pembina’s industry-leading North American propane marketing capabilities.\n \n\n\n About Pembina\n \n\n\n Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America's energy industry for more than 70 years. Pembina owns an extensive network of strategically-located assets, including hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and an export terminals business. Through our integrated value chain, we seek to provide safe and reliable energy solutions that connect producers and consumers across the world, support a more s...