Project will Strengthen Canada-Asia Connectivity and Deliver the Best Markets for Canadian LPGs

CALGARY, AB and PRINCE RUPERT, BC and ROTTERDAM, The Netherlands, Nov. 14, 2023/CNW/ - AltaGas Ltd. ("AltaGas") (TSX: ALA) and Royal Vopak ("Vopak") (XAMS: VPK) advise that another important step in development for the Ridley Island Energy Export Facility ("REEF") is underway. Site clearing work, including logging, clearing, and drainage activities are expected to commence in the coming weeks, which will further solidify the project's readiness prior to reaching a Final Investment Decision ("FID") that is expected in the first half of 2024. REEF, located on Ridley Island, British Columbia, Canada, will be a large-scale coastal terminal that will have the capability to export liquified petroleum gases (LPGs), methanol, and other bulk liquids that are vital for everyday life. Following a five-year environmental preparation and review process, extensive engagement with Indigenous rights holders and local communities, and thorough planning, the joint venture is set to deliver a project that will operate with industry-leading environmental stewardship focused on bringing the strongest benefits to all stakeholders.