Partnership Paves the Way for Growth in Global LPG Market
In a move that is set to drive growth and increase export capacity for liquefied petroleum gas (LPG), Keyera and AltaGas have entered into long-term agreements. The deals, which include a 15-year tolling contract and an 18-year agreement, will enable Keyera to offer its customers more diversified market access, including premium Asian markets.
The partnerships are expected to have a significant impact on both companies, strengthening their long-term growth outlook and de-risking their infrastructure investments. By increasing export capacity and providing value-added services to customers, the agreements will ultimately expand global market access for Canada’s vital energy products.
Key Highlights of the Agreements
- A 15-year tolling contract that will provide Keyera’s customers with more diversified market access
- An 18-year agreement that will increase export capacity and provide value-added services to customers
- Strengthened long-term growth outlook for both Keyera and AltaGas
- De-risking of infrastructure investments for both companies
- Expanded global market access for Canada’s vital energy products
The partnerships are a significant development in the global LPG market, and are expected to have a lasting impact on the industry. By working together, Keyera and AltaGas are positioning themselves for long-term success and growth in the global market.