The first marine export facility for propane in Canada has been officially opened.
On May 23, the first shipment left the Ridley Island Propane Export Terminal (RIPET), in Prince Rupert, British Columbia, on board the gas carrier Sumire Gas for delivery to the Kyushu LPG Fukushima terminal in Japan.
The energy infrastructure company AltaGas said that with the terminal now operational, it can offer producers a complete solution for their propane needs. Randy Crawford, AltaGas president and chief executive, said: “The RIPET facility will make significant long-term contributions to international trade, support economic growth in northern British Columbia and provide immediate access to clean-burning fuel in Asian markets where demand is particularly strong.’
In 2017, AltaGas agreed a multi-year deal for the Japanese propane importer and distributor Astomos Energy Corporation to purchase at least 50 per cent of the propane shipped from the terminal each year.
The terminal is expected to ship around 1.2mn tons of propane a year to customers in Asia, which would involve voyages by two large gas carriers a month.