FORT ST. JOHN, B.C. – AltaGas has announced its third-quarter results which saw the Ridley Island Propane Export Terminal export a record 42,736 bbls/d of Canadian propane to Asia during the quarter supported by ongoing growth in throughput volumes in Northeastern B.C.
In a release, AltaGas says it exported an average of 43,000 bbls/d in the quarter, a 20 percent increase over the same period last year.
The company says it has plans soon to export 50,000 bbls/d from the Ridley Island Terminal.
During the quarter, the Canada Energy Regulator also granted AltaGas an additional 25-year license to export up to 46,000 Bbls/d of propane, bringing the aggregate propane export capacity under 25-year export licenses to 92,000 Bbls/d.
AltaGas expects its overall propane exports from North America to continue rising as a result of its stake in Petrogas Energy Corp., in which it now has a 74 percent ownership.