CALGARY, April 21, 2016 /CNW/ – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA) is pleased to announce that the Company has received approval from the Alberta Energy Regulator (“AER”) relating to the construction of two 270 kilometre, 24 and 16 inch pipelines between Fox Creek and Namao, Alberta (the “Fox Creek to Namao Pipelines”), as part of a series of projects that form the Company’s Phase III Expansions (“Phase III Expansion”).
Once complete, Pembina will have four pipelines in the Fox Creek to Namao corridor, with an initial total design capacity across the Company’s Peace and Northern systems of approximately 900,000 barrels per day that can be further expanded through the addition of pump stations to reach an ultimate capacity of approximately 1.2 million barrels per day. Each of the four pipelines will transport different products (crude oil, condensate, propane-plus and ethane-plus) creating optimal flexibility for Pembina’s customers. The construction of the Fox Creek to Namao Pipelines represents a significant portion of the overall Phase III Expansion program.
“Our Phase III Expansion program is the largest capital project in Pembina’s history and is poised to have a transformative impact on the future of our company,” said Paul Murphy, Pembina’s Senior Vice President, Pipeline and Crude Oil Facilities.
“Receiving the approvals to complete the Fox Creek to Namao Pipelines is a major milestone for us and concludes the comprehensive and rigorous regulatory and environmental review that we had initiated over two years ago. Our company has devoted extensive time and effort working on this thorough review and I am pleased by the positive outcome,” said Mr. Murphy. “I also personally want to thank all of our staff and external stakeholders that participated in the hearing process and commend all of their considerable efforts and dedication throughout this undertaking.”
“Further, we believe the Fox Creek to Namao pipeline approval is encouraging news for our customers, as additional capacity on our system continues to be in demand post our recent NGL, crude oil and condensate Phase II Expansion that went into service in 2015,” concluded Mr. Murphy.
Overall, the project is tracking on time and under budget and the Company continues to anticipate an in service date of mid-2017 for the entire Phase III Expansion program.
Pembina is committed to working with all stakeholders by building trusting relationships and operating its business in a safe and responsible manner.
Calgary-based Pembina Pipeline Corporation is a leading transportation and midstream service provider that has been serving North America’s energy industry for over 60 years. Pembina owns and operates an integrated system of pipelines that transport various products derived from natural gas and hydrocarbon liquids produced in western Canada and North Dakota. The Company also owns and operates gas gathering and processing facilities and an oil and natural gas liquids infrastructure and logistics business. Pembina’s integrated assets and commercial operations along the entire hydrocarbon value chain allow it to offer a full spectrum of midstream and marketing services to the energy sector. Pembina is committed to working with its community and aboriginal neighbours, while providing value for investors in a safe, environmentally responsible manner. This balanced approach to operating ensures the trust Pembina builds among all its stakeholders is sustainable over the long-term. Pembina’s common shares trade on the Toronto and New York stock exchanges under PPL and PBA respectively. For more information, visit www.pembina.com.