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News » Canada » Plans move forward for $250m LPG terminal in BC » published 1 Dec 2017

Plans move forward for $250m LPG terminal in BC

The directors of Pembina have approved the development of a major liquefied petroleum gas (LPG) export terminal in British Columbia.

The expected capital cost of the scheme is between CA$250m and CA$270m. The Prince Rupert Terminal will be located on Watson Island on lands leased from a wholly-owned subsidiary of the city of Prince Rupert. The company has executed definitive commercial agreements with the city.

"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," said Taylor. "This Project will provide significant economic benefits to the Prince 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."

 

MPU

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This article was published on 1 Dec 2017 (last updated on 1 Dec 2017).

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