Reuters logo
BRIEF-AltaGas announces positive FID on Canada's west coast propane export terminal
January 3, 2017 / 10:39 PM / a year ago

BRIEF-AltaGas announces positive FID on Canada's west coast propane export terminal

Jan 3 (Reuters) - AltaGas Ltd

* AltaGas announces positive FID on Canada’s first West Coast propane export terminal

* AltaGas Ltd - executed long-term agreements securing land tenure along with rail and marine infrastructure on Ridley Island

* AltaGas Ltd says will proceed with construction, ownership and operation of Ridley export terminal

* AltaGas Ltd -Ridley export terminal will be designed to ship 1.2 million tonnes of propane per year and is estimated to cost approximately $450 - $500 million

* AltaGas Ltd - along with FID, AltaGas will be offering a third party option to take an equity position of up to 30 percent in Ridley export terminal

* AltaGas - expects to underpin at least 40 percent of Ridley export terminal throughput under tolling arrangements with producers and other suppliers

* AltaGas - Ridley export terminal will be designed to ship 1.2 million tonnes of propane per year and is estimated to cost approximately $450 - $500 million

* AltaGas Ltd - AltaGas will be offering a third party option to take an equity position of up to 30 percent in Ridley export terminal Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below