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For a long time, *** has lagged behind the United States in the development of LPG infrastructure, particularly in terms of export facilities in Asia. Today, as several export projects along the Pacific coast of British Columbia move forward, this pattern is being rapidly reversed. Industry experts point out that the U.S. LPG market is now saturated, and expanding exports to Asia has become the key to maximizing the value of LPG products. The construction of these export facilities will help *** become one of the long-term LPG suppliers in North America, and enable it to vigorously expand into the Asian market by leveraging its core advantages. Data shows that *** exports LPG to Asia via the Propane Export Terminal (RIPET) on Ridley Island in northwestern British Columbia, achieving a net profit per barrel that is about $5 higher than that from sales to the LPG hub in Conway, Kansas, United States. Over the past 5 years, the average price difference between the offshore price of LPG in the U.S. Gulf of Mexico and the CIF price in North Asia has remained at 145.59 dollars per ton, providing solid support for North American exports of LPG to Asia. In addition to price advantages, ***LPG exported from the West Coast also enjoys significant logistics advantages. Calculations show that when shipping goods from Ferndale in Washington State or the Reedley Island Terminal in the United States, it takes only 10 to 11 days to reach China and Japan – which is more than half less time than the 25 days required when departing from the Gulf of Mexico in the U.S. – and it also allows avoidance of the increasingly congested Panama Canal. As LNG exports increase, LNG carriers are given priority in passage, and congestion at the Panama Canal is set to worsen further in the future. Leveraging these advantages, *** is accelerating the construction of export facilities on the west coast. In May 2024, Altas Natural Gas partnered with Wopak to advance the Reidley Island Energy Export Facility (REEF) project, with an initial investment of $970 million. The facility is designed to have a daily processing capacity of 55,000 barrels, and its main goal is to increase exports to the Asian market. Commissioning of this project is expected by the end of 2026. In October 2025, Altas launched another \"Phase 1 Optimization\" plan, with the goal of increasing the port’s daily processing capacity by 25,000 barrels by mid-2027 ； The simultaneously underway “Optimization Phase 2” project is currently in the design and approval stage, with the potential to increase daily processing capacity by another 60,000 barrels. In addition, Tri-Pacific Terminal Company is working together with the Port of Prince Rupert Authority to advance a LPG export terminal project along the Pacific coast with an annual processing capacity of 2.5 million tons, in order to further expand export capabilities on the West Coast. As a major LPG exporter on the western coast of the Pacific, Altas achieved an average daily export volume of 133,000 barrels in the third quarter of 2025, using 23 very large gas carrier (VLGC) ships, with Japan and South Korea being the main destinations. Driven by the surge in demand for raw materials in China’s propane dehydrogenation (PDH) plants, its export focus is gradually shifting toward China. The consulting director at CERA noted that the tariffs imposed by the United States on China have altered trade flows, creating market opportunities for ***; he predicted that daily exports of *** propane would increase from 230,000 barrels in 2025 to 244,000 barrels by 2026, while daily exports of butane would rise from 78,000 barrels to 83,000 barrels. Meanwhile, the capacity constraints in the Montney Basin, the key production area for natural gas liquids (NGLs), are being overcome; the daily production of NGLs in this region has increased from 1.4 million barrels per day in 2019 to 1.6 million barrels per day by 2025. Production is set to rise further as projects such as Ksi Lisims LNG come online. NGLs, which were once considered by-products and even sold at negative prices, have now become profitable core products that attract substantial capital investment. However, ***LPG exports still face challenges: concessions must be made in pricing to competitors along the U.S. Gulf Coast and in the Middle East ； The increase in NGL resources resulting from heightened drilling activities in the U.S. Permian Basin will intensify competition in the North American liquid fuels market. Overall, the industry expects that once all the planned export facility projects are completed, *** will rank among the world’s largest LPG suppliers, right after the United States and the Middle East. Thanks to its advantages in price, logistics, and production capacity, it will hold a significant position in the Asian LPG market, thereby reshaping the global LPG trade landscape.