AltaGas To Build Propane Export Terminal
Prince George, B.C.- AltaGas has made the final decision to move forward with the construction of a propane gas export terminal on Ridley Island, off Prince Rupert.
The Ridley Export Terminal is expected to be the first propane export facility on the west coast.
The 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.
“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. “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.”
Construction is expected to begin in early 2017 and be completed by the first quarter of 2019.
It is estimated that 200 to 250 construction workers will be hired during the construction phase and 40 to 50 permanent jobs created once the facility is operational.