Compounding Long-term Dividends at 5-7% CAGR
North America Balancing the Global LPG Market
Global LPG Exports, By Country (2014-2023 YTD)
4.0
3.5
3.0
2.5
AltaGas
AltaGas
delivers
16%
of Japan's total
propane
imports
Japan
Home heating; more
environmentally-friendly
alternative to thermal coal.
Approximately
90%
of global LPG export
volumes are
delivered to Japan
and South Korea.
MMBbl/d
2.0
1.5
1.0
0.5
0.0
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
United Arab Emirates Qatar
Saudi Arabia
Norway
■Algeria
United States
Iran
■Kuwait
ALA
Sources: Wood Mackenzie. Notes: *See "Forward-looking Information"
AltaGas
14%
of South
Korea's total
LPG imports.
South Korea
Propane is used for home
heating and some petchem
while butane is used for
transportation and fuel
blending.
Strong Demand-
pull from Asia
99%
of global exports are
transacted with
investment grade
counter parties or fully
secured.
AltaGas
Asia has strong demand-
pull with robust demand for
increased Canadian supply.
China and Other
Approximately 10% of global exports are delivered to China or other
markets. Future larger growth potential with PDH additions.
Despite Strong Growth, AltaGas Remains a Smaller Player in the Global Market with Robust Growth Opportunities
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