Pembina Pipeline Corporation approves Prince Rupert LPG terminal
Pembina Pipeline Corporation has approved construction of an export terminal at Prince Rupert, British Columbia in Canada, to be used to send LPG to markets in Asia and Central America.
The Calgary-based company says the project on Watson Island is expected to cost about $270m, up from an earlier estimate of $250m due to minor changes, dock maintenance and additional site preparation.
Pembina’s facility, which still requires regulatory and environmental approvals, is expected to be in service by mid-2020 and will have a permitted capacity of about 25,000 barrels per day of propane.
“Since our initial announcement of potentially developing the Prince Rupert Terminal, we’ve worked diligently with municipal and other stakeholders and are now able to move forward with our final investment decision,” said Stuart Taylor, Pembina’s Senior Vice President, NGL & Natural Gas Facilities.
The Prince Rupert Terminal is expected to have a permitted capacity of approximately 25,000 barrels per day of LPG and is expected to be in service mid-2020, subject to Pembina receiving necessary regulatory and environmental approvals.
“We are very excited to progress the Prince Rupert Terminal and continue working with the local communities, stakeholders, First Nations and governments in the area,” continued Mr. Taylor. “This Project will provide significant economic benefits to thePrince Rupert area including 150 to 200 construction positions and, once operational, it will create between 20 to 30 full-time positions in addition to generating annual property tax revenue and lease payments.”
“We are thrilled to work with Pembina to finally get Watson Island back in business,” commented Lee Brain, the Mayor ofPrince Rupert. “What was once the story of economic downfall and hardship is now the story of prosperity and renewal. Getting Watson Island back on the tax roll has been the key priority of this council, and receiving this final investment decision from Pembina will provide us with additional lease and tax revenues to support community services and infrastructure.”
Meanwhile, construction is underway on a terminal on Ridley Island near Prince Rupert that was green-lighted early this year by Calgary-based AltaGas Ltd.