Pembina Pipeline Corporation4000, 585 - 8th Avenue S.W.
CA, T2P 1G1
- Phone: 403-231-7500
- Fax: 403-237-0254
- Website: www.pembina.com
Pembina Pipeline Corporation is pleased to announce that it has entered (directly and through its joint venture affiliates) into long-term, take-or-pay agreements to backstop development of new pipeline and processing infrastructure totaling approximately $1.3 billion. These agreements include related service for liquids transportation on Peace Pipeline, natural gas transmission service and fractionation services at Pembina's Redwater Facility.
Pembina Pipeline Corporation has announced an increase to its 2018 Adjusted EBITDA guidance range to $2.75 to $2.85 billion. The Company is also pleased to announce that in conjunction with incremental volume commitments from customers on the Peace pipeline, Pembina will be developing additional pipeline and terminalling infrastructure in the Wapiti region near Grande Prairie, Alberta and in northeast B.C. The new infrastructure will have a combined aggregate capital cost of approximately $120 million and will be underpinned by long-term, take-or-pay commitments.
Pembina Pipeline Corporation announced that it has executed further agreements whereby the Company will construct and operate the first tranche of infrastructure development under its previously announced 20-year infrastructure development and service agreement with Chevron Canada Limited. The Agreement includes over 230,000 acres of land dedication by Chevron in the liquids-rich Kaybob region of the Duvernay.Under the Service Agreements, Pembina has been requested to develop and construct:
Pembina Pipeline Corporation has announced its results for the second quarter of 2017, an eventful period for the company which joined with Veresen to create one of the largest energy infrastructure companies in Canada. The company reported $2.8 billion worth of new projects going into service by the end of the second quarter, under budget and either on time or ahead of schedule. Pembina generated second-quarter earnings of $124 million, a 10 percent increase over 2Q 2016, and has earned $339 million year-to-date, up 58 percent year over year.
Pembina Pipeline Corporation and Petrochemical Industries Company K.S.C. of Kuwait have reached key milestones for the previously announced proposed integrated propylene and polypropylene production facility in Sturgeon County, Alberta. Pembina and PIC have executed 50/50 joint venture agreements that includes binding commercial terms in support of the Project and have formed a new entity, Canada Kuwait Petrochemical Corporation. Additionally, Pembina is pleased to announce that CKPC will proceed with activities for front end engineering design for the Project.