Keyera agreed to a 15-year tolling contract at AltaGas’ Ridley Island Energy Export Facility (REEF) for 12,500 bbl/d of LPG capacity. (Source: Shutterstock)
Canadian companies AltaGas and Keyera have reached long-term agreements to use each other’s facilities, the companies announced Feb. 7.
Keyera agreed to a 15-year tolling contract at AltaGas’ Ridley Island Energy Export Facility (REEF) for 12,500 bbl/d of LPG capacity. The plant is under construction on the Canadian West Coast in central British Columbia.
With the contract, AltaGas has reached its long-term tolling target for the REEF project, which is expected to be online in 2026.
In turn, AltaGas entered into an 18-year agreement for 8,000 bbl/d of fractionation capacity at the Keyera Fort Saskatchewan facility (KFS). The plant will handle gas produced in the Alberta Montney play, including NGLs from AltaGas’ Pipestone II plant, which is under construction.
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