Keyera green-lights $1.3B Alberta natural gas pipeline | CBC News
Shares in Keyera Corp. rose by as much as nine per cent after
it announced it will proceed with a long-anticipated $1.3-billion
pipeline to bring natural gas liquids from northwestern Alberta to
market.
it announced it will proceed with a long-anticipated $1.3-billion
pipeline to bring natural gas liquids from northwestern Alberta to
market.
The Key Access Pipeline System is designed to collect
condensate and other petroleum liquids produced with natural gas in the
Montney and Duvernay regions and bring it to the liquids processing and
storage hub at Fort Saskatchewan, just northeast of Edmonton.
On a
conference call on Wednesday, Keyera executives said shippers have
signed long-term contracts accounting for about 65 per cent of the
initial capacity of the pipeline, which is expected to come on stream in
2022.