Royal Vopak of the Netherlands has reached a positive final investment decision with Canada’s AltaGas to proceed with a large-scale energy and bulk liquids terminal at Ridley Island in the Canadian Pacific province of British Columbia.

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Royal Vopak of the Netherlands, the world’s leading independent tank storage company and a leading liquefied natural gas terminals shareholder, posted higher first-quarter net profits and revenues as it continued to develop European Union LNG infrastructure and expanded energy joint ventures in Canada and India.

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The newest Canadian export project developer, Port Edward LNG, is a British Columbia company proposing to build and operate a small-scale liquefaction plant and to export LNG in ISO containers to nations like China.

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The Canadian province of British Columbia and Premier John Horgan toured the site of a US$450 million propane export terminal on Ridley Island under construction for natural gas company AltaGas and said LNG projects were still possible in the future as he also visited the site of a cancelled Royal Dutch Shell LNG venture.

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Royal Dutch Vopak, the energy storage giant with LNG terminal assets in Holland and Mexico, and Canadian company AltaGas plan to develop an alternative gas export terminal on Ridley Island in British Columbia where an LNG venture had been planned by BG Group of the UK, now part of Shell.

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