Keyera green-lights $1.3B Alberta healthy gas pipeline

Shares in Keyera Corp. rose by as most as 9 per cent after it announced it will ensue with a long-anticipated $1.3-billion tube to move healthy gas liquids from northwestern Alberta to market.

The Key Access Pipeline System is designed to collect condensate and other petroleum liquids constructed with healthy gas in a Montney and Duvernay regions and move it to a liquids estimate and storage heart during Fort Saskatchewan, only northeast of Edmonton.

On a discussion call on Wednesday, Keyera executives pronounced shippers have sealed long-term contracts accounting for about 65 per cent of a initial ability of a pipeline, that is approaching to come on tide in 2022.

Calgary-based Keyera says it will share costs and tenure of a plan with SemCAMS Midstream ULC, that is owned by American firms SemGroup Corp. and KKR.

The tube partners had any been posterior identical projects with other investors before determining to work together given their tenure interests in a gas estimate plants that will supply most of a initial throughput on a system.

Analyst Nate Heywood of AltaCorp Capital forked out a line will contest with Pembina Pipeline Corp.’s Peace Pipeline — a $500-million enlargement of a latter was authorized in Jan since of rising patron demand.

Keyera shares were trade during $33.56, adult $1.95 or 6.2 per cent, during 2:45 p.m. in Toronto.

Article source: https://www.cbc.ca/news/canada/calgary/keyera-natural-gas-pipeline-1.5137667?cmp=rss