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FORT ST. JOHN, B.C. – AltaGas has announced that its board has approved a Final Investment Decision for its proposed North Pine NGL Project along with strong earnings in the third quarter.
On October 19th, AltaGas’ Board of Directors approved the construction, ownership and operation of the North Pine Facility, which will be located approximately 40 km northwest of Fort St. John. The North Pine Facility will be connected to existing AltaGas infrastructure in the region and will have access to the CN rail network, allowing for the transportation of propane from the North Pine Facility to the proposed Ridley Island Propane Export Terminal.
The permit from the B.C. Oil and Gas Commission to build and operate the North Pine Facility was issued on September 23rd. AltaGas will be building the North Pine Facility with two separate NGL separation trains each capable of processing up to 10,000 Bbls/d of propane plus C3+ NGL mix, for a total of 20,000 Bbls/d. The first phase will also include 6,000 Bbls/d of C5+ condensate terminalling capacity, with ultimate capacity for up to 20,000 Bbls/d. Site preparation for the first NGL separation train is expected to begin in the first quarter of 2017, with an expected commercial on-stream date in the second quarter of 2018.
Two eight inch North Pine NGL supply pipelines, each approximately 40 km in length, will also be built, and will run from the existing Alaska Highway truck terminal to the North Pine Facility. The capital cost of the first train and associated pipelines is estimated to be approximately $125 to $135 million.
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