Canada’s propane exports hit record levels in 2024, with more than 40% of shipments headed to Asia, primarily Japan and South Korea, via new marine terminals in Prince Rupert. The Port of Prince Rupert, through facilities operated by AltaGas and Pembina, has become a critical link in Alberta’s energy supply chain, offering faster access to Asian markets and higher returns compared to US sales. Uncertainty caused by US trade policies under President Trump has prompted Canadian producers and policymakers to prioritize trade diversification. A $3 billion port expansion, including the Ridley Island Energy Export Facility (REEF), will further boost propane and butane export capacity by 55,000 barrels per day, reinforcing Prince Rupert’s growing role in Canada’s energy export strategy.
