CALGARY, April 26, 2018 /CNW/ – Keyera Corp. (TSX:KEY) (“Keyera”) today announced its Keylink NGL gathering pipeline system (“Keylink”) is complete and in service, providing producers with a safe, reliable and economically improved alternative to trucking NGL volumes. Construction of the pipeline system was completed on time and under its budget of $147 million.
Keylink initially connects eight Keyera gas plants including Brazeau North, Brazeau River, Cynthia, Minnehik Buck Lake, Nordegg River, Pembina North, West Pembina, and Zeta Creek to Keyera’s Rimbey gas plant for onsite fractionation. The Rimbey gas plant is pipeline connected to Keyera’s Edmonton Terminal and Fort Saskatchewan fractionation and storage complex, which enhances Keyera’s integrated service offering to Keylink customers.
Keyera is currently advancing work on an additional pipeline segment that will connect a producer-owned gas plant to Keylink and will pursue other opportunities to attract more NGL volumes to the pipeline.
“Keyera continues to execute on its capital program and complete projects such as Keylink that enhance our integrated service offering and provide us with further growth opportunities,” said David Smith, Keyera’s President and Chief Executive Officer. “We currently have approximately $2 billion of approved projects that we expect to complete over the next three years and are currently well positioned to fund this program.”
Keyera Corp. (TSX:KEY) operates an integrated Canadian-based midstream business with extensive interconnected assets and depth of expertise in delivering midstream energy solutions. Its predominantly fee-for-service based business consists of natural gas gathering and processing, natural gas liquids processing, transportation, storage, marketing, iso-octane production and sales, and an industry-leading condensate system in the Edmonton/Fort Saskatchewan area of Alberta. Keyera strives to provide high quality, value-added services to its customers across North America and is committed to conducting its business ethically, safely and in an environmentally and financially responsible manner.