MOSCOW (MRC) -- Canadian midstream energy company Pembina Pipeline expects to decide by the end of March on whether to proceed with a planned expansion of its Prince Rupert propane export terminal in British Columbia province, said the company.
The terminal, with a capacity of 25,000 bbl/day, was commissioned early last year and began loading propane onto vessels in April. It exports propane of petrochemical quality, the officials said.
Engineering of the expansion is "essentially complete", with a final decision on whether to proceed being dependent on “market dynamics”, such as customer demand, shipping costs, and North American and international pricing, the officials said.
They did not comment on the expansion project's costs or capacities. The propane for the terminal is extracted off-site from natural gas supply in northern British and Alberta, and is transported from Pembina's Redwater fractionation complex northeast of Edmonton, Alberta, to Prince Rupert by rail.
As per MRC, Pembina Pipeline and Inter Pipeline (IPL) are mulling the prospects of dehydrogenation/polypropylene (PDH/PP) production in Alberta province. On May 31, 2021, Pembina and Inter Pipeline entered into an agreement (the "Strategic Combination") to create one of the largest and best positioned energy infrastructure companies in Canada. Together the companies' diversified and integrated asset base can support and grow an extensive value chain for natural gas, natural gas liquids and crude oil, from wellhead to end user, that far exceeds anything either company can do separately.
Pembina Pipeline has been a gas supplier to the North American power system for over 60 years. Pembina owns and operates pipelines that transport a variety of hydrocarbon fluids, including conventional and synthetic crude oil and others, produced in Western Canada and North Dakota.
MRC