AltaGas announces long-term global exports tolling agreement

Keyera Corp. will flow an additional 12 500 bpd of LPGs through AltaGas' west coast export facilities. The incremental tolling volumes will commence in 2028, post the Keyera Fort Saskatchewan III expansion project going into service.

This agreement expands on the 12 500 bpd of long-term export capacity that Keyera previously contracted for and was announced in February of 2025. In aggregate, Keyera will now have 25 000 bpd of LPG export capacity from AltaGas' west coast facilities under 15-year tolling agreements with a growing portion of Keyera's LPGs being directed to premium downstream markets in Asia.

Demand for global markets access remains robust

The importance of market diversification and the strategic advantage of AltaGas' global exports platform is being reinforced in the current market with US and global tariffs creating increased market uncertainty. AltaGas provides its customers the opportunity for protection against tariff and counter-tariff impacts and ensures access to the highest priced global markets. As Canadian upstream production continues to grow, we believe it is critical to connect more of Canada's vital energy products to premium global markets for the benefit of all Canadians. AltaGas is positioned to benefit from the long-term fundamentals of growing Canadian natural gas and natural gas liquids (NGL) production, strong Asian demand and the Company's structural shipping advantage from the west coast. AltaGas has exceeded its long-term tolling target across its global exports portfolio and will continue to evaluate additional long-term contracts.

Construction progress on the Ridley Island Energy Export Facility (REEF) continues to progress. Uplands work is advancing with overburden removal finished and rock blasting nearing completion. Offsite fabrication is progressing according to the execution plan. Fabrication is taking place in Asia with the LPG storage vessels and bullets over 70% complete. Compression and refrigeration fabrication is also progressing offsite in controlled manufacturing environments, in Canada, on a modular basis. Progress on the jetty continues to accelerate and is recovering from weather-related delays experienced during the winter. Over 60% of total project costs are now incurred or committed, further de-risking construction execution.

Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/12062025/altagas-announces-long-term-global-exports-tolling-agreement/