AltaGas, one of Canada’s leading midstream companies, reported its 2025 Q3 results on October 30 which included several important infrastructure developments integral to Canada’s growing exports of LPGs. The company is the operator and joint owner with Royal Vopak (“Vopak”) of the 80 Mb/d Ridley Island Propane Export Terminal (RIPET) located near Prince Rupert, BC and is currently constructing, in conjunction with Vopak, the nearby 40 Mb/d Ridley Island Energy Export Facility (REEF) which is expected to begin operations in late 2026. AltaGas is also the owner and operator of the Ferndale, WA LPG export terminal.
The company highlighted several important infrastructure developments in its latest quarterly release including:
- In conjunction with Vopak, sanctioning an expansion (“Optimization One”) of the REEF project by upwards of 25 Mb/d geared toward propane exports, this will take the site’s total projected export capacity for propane and butane into the range of 65 Mb/d, with an in-service date targeting H2 2027. In July, AltaGas and BASF, a global petrochemical trading conglomerate, signed a long-term agreement in which AltaGas/Vopak will supply butane to BASF commencing in 2027. AltaGas and Vopak continue to pursue additional expansion opportunities for REEF which could increase its export capacity by an additional 60 Mb/d (“Optimization Two”).
- The Canada Energy Regulator (CER) authorized on October 29 a 25-year export license to AltaGas for the export of propane and butane from REEF with the export certificate becoming effective for the 25-year period upon the date of first exports.
- The company reported record quarterly exports of 133,147 b/d of propane/butane from its combined RIPET/Ferndale operations. This included 13 ships loading from RIPET and 10 from Ferndale.
- An expansion of its Dimsdale natural gas storage site was also sanctioned and will increase working gas storage capacity from 15 Bcf to 21 Bcf with an expected in-service date of year-end 2026. A second expansion to potentially more than double working gas capacity continues to be actively pursued.
- As a 10% owner of the Mountain Valley Pipeline (MVP), AltaGas stated that the pipeline is operating near its current capacity of 2 Bcf/d. Following an oversubscribed open season, the MVP partnership (EQT Corporation, NextEra Energy, Consolidated Edison, AltaGas, and RGC Resources) sanctioned a 600 MMcf/d capacity expansion with an expected in-service date of mid-2028. The incremental capacity is reported as being fully subscribed for a period of 20 years. AltaGas continues to pursue a sale process for its 10% stake in the pipeline stating that an update on this process will be forthcoming in a few weeks.
RBN tracks LPG and ethane exports from the U.S. and Canada every week in its NGL Voyager report.
