Brief: Altagas And Vopak Reach Final Investment Decision On Ridley Island Energy Export Facility

Koninklijke Vopak NV

30/05/2024 01:33

May 29 (Reuters) - AltaGas Ltd  ALA.TO :
    * ALTAGAS AND VOPAK REACH POSITIVE FINAL INVESTMENT DECISION
ON
RIDLEY ISLAND ENERGY EXPORT FACILITY
    * PROJECTED GROSS JOINT VENTURE CAPITAL COST OF $1.35
BILLION
    * VOPAK AND ALTAGAS EXPECT TO FUND THEIR 50 PERCENT PRO-RATA
OWNERSHIP THROUGH EACH COMPANY'S RESPECTIVE FINANCIAL CAPACITY
    * PROJECT IS EXPECTED TO COME ONLINE NEAR 2026 YEAR-END.
    * BULK OF REEF'S CONSTRUCTION ACTIVITIES ARE PLANNED TO TAKE
PLACE
OVER 2025 AND 2026 WITH SELECT WORKSTREAMS BEGINNING IN 2024

Source text for Eikon:  ID:nCNWDdNFRa 
Further company coverage:  ALA.TO 

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