Vessels carrying liquefied petroleum gas will be in the North Coast waters in the future after AltaGas announced its Final Investment Decision on the Ridley Island Propane Export Terminal.

AltaGas to build propane terminal on Ridley

After receiving approval from federal regulators, AltaGas announced its FID for the Ridley Island Propane Export Terminal.

After receiving approval from federal regulators, AltaGas announced its Final Investment Decision for the Ridley Island Propane Export Terminal.

Construction will begin early this year to build the $500-million propane terminal designed to ship 1.2-million tonnes of propane to Asian markets each year. The propane export terminal on Ridley Island, near Prince Rupert, will be the first on Canada’s West Coast.

The North Coast location gives the proponent a geographical advantage — shipments to Asia will take 10-days as opposed to the 25-days it takes to ship from the U.S. Gulf Coast.

“Propane exports off of Canada’s West Coast pulls together our vision of offering Canadian producers a complete energy value chain,” said David Harris, President and CEO of AltaGas in the press release. “Together with our northeast B.C. infrastructure, once the Ridley Export Terminal is built and operating, we will give producers new access to premium Asian markets for their propane.”

In December, AltaGas also received regulatory approval to double the size of its natural gas processing Townsend Facility, north of Fort St. John. The Townsend Facility will feed into the North Pine propane facility, near Fort St. John, which will now feed into the Ridley Island Propane Export Terminal.

A final multi-year agreement has also been signed between AltaGas and the Japan-based Astomos Energy Corporation to purchase 50 per cent of the 1.2-million tonnes of propane being exported from Ridley. The two companies had originally signed a memorandum of understanding on May 24, 2016.

“Astomos is one of the largest LPG (liquefied petroleum gas) players in the world providing great access to Asian markets for Western Canadian producers,” said Harris. “We look forward to maximizing our relationship with them.”

Environmental review began in early 2016 and by the end of the year, after all documentation was submitted, federal approval came from Transport Canada, the Port of Prince Rupert and Ridley Terminals Inc.

Harris said the company has been collaborating closely with First Nations and communities in the area. “We look forward to a long and mutually beneficial relationship with the First Nations in the region.”

The project is estimated to bring 200-250 construction jobs while its being built and there will be 40-50 permanent jobs once the terminal is in operation.

 

Just Posted

Watermains flushed to help downgrade Prince Rupert’s boil water notice

City crews try to clear possible debris resulting in milky or discolouration of water

Author warns of dangerous goods being carried by rail

Bruce Campbell wrote book on Lac-Mégantic disaster

LaFrance and Repole team win in sturling showdown

Prince Rupert Curling Club hosts Fisherman’s Sturling Spiel on Jan. 20 with 17 teams

Environment Canada warns of strong winds Monday

Monday ferry sailing from Prince Rupert to Haida Gwaii has been cancelled

‘Avalanche Awareness Days’ emphasize backcountry safety at Shames

Skeena Bar and Shames Mountain Co-op held events this past weekend

Cheng 2 Duo wows Lester Centre crowd

Sibling performers gave a virtuoso performance on Jan. 18 in Prince Rupert

Cannabis-carrying border crossers could be hit with fines under coming system

Penalties are slated to be in place some time next year

Man accused of threatening to kill ‘as many girls as I see’

Christopher W. Cleary wrote he was angry because he’d never had a girlfriend and wanted to ‘make it right’ with a mass shooting

Canadian talent abound on newly revamped Vancouver Whitecaps squad

Lineup is full of new faces after the organization parted ways with 18 players over the off-season

B.C. Green leader calls for long-term legislature financial audit

Andrew Weaver says trust in clerk and sergeant at arms is gone

No charges in fatal police Taser incident in Chilliwack

RCMP watchdog concludes no evidence of excessive or disproportionate force was used by officers

Here’s what the B.C. legislature officers are accused of buying with taxpayers’ money

Personal trips, purchases, alcohol and more laid out in 76-page report by Plecas

Alberta youth charged over theft of $17,000 in snow equipment at B.C. ski resort

Alberta RCMP recovered $17,000 in skis/snowboards believed stolen from Fernie Alpine Resort Saturday

China demands U.S. drop Huawei extradition request with Canada

Hua said China demands that the U.S. withdraw the arrest warrant against Meng Wanzhou

Most Read