Gunvor Group, one of the largest physical energy commodities traders in the world, is pleased to announce its partnership with Canada-based AltaGas, which has reached a positive FID on the Phase One expansion of its Dimsdale Gas Storage Facility. Gunvor will support AtlaGas’ 6 Bcf expansion with a 10-year firm storage service contract.

Capital cost for AltaGas’ project is estimated at approximately $65 million with a 2026 year-end targeted in-service date. The project will focus on facility debottlenecking with a new meter station and dehydration equipment that will expand capacity, increase reliability, and significantly reduce operating costs.

This long-term natural gas storage lease furthers Gunvor’s position as a physical trader of natural gas and LNG throughout North America, where the company has invested across the value chain, including in upstream and infrastructure investments.

About Gunvor Group

Gunvor Group is one of the world’s largest independent commodities trading houses by turnover, creating logistics solutions that safely and efficiently move physical energy, metals, and bulk materials from where they are sourced and stored to where they are demanded most. Gunvor has strategic investments in industrial infrastructure—downstream, refineries, pipelines, storage, and terminals—that complement core trading activities and generate sustainable value across the global supply chain for our customers.

About AltaGas

AltaGas, a Canadian corporation, is a leading North American infrastructure company that connects customers and markets to affordable and reliable sources of energy. We operate a diversified, lower-risk, high-growth Utilities and Midstream business that is focused on delivering resilient and durable value for our stakeholders.