Pembina Pipeline Corp.Approves Phase VIII Peace Pipeline Expansion

摘要

Pembina Pipeline Corp.announced in January that that it has approved an additional expansion of its Peace Pipeline system(Phase VIII),which will accommodate incremental customer demand in the Montney area by debot-tlenecking constraints,accessing downstream capacity,and further enhancing product segregation on the system.Phase VIII has an estimated capital cost of approximately $500 million and is supported by 10-year contracts with significant take-or-pay provisions.Phase VIII is anticipated to be placed into service in stages starting in 2020 through the first half of 2022,subject to regulatory and environmental approvals.”Our strategic footprint continues to provide opportunities to complete staged expansions,enabling us to deliver timely and reliable transportation service solutions for our customers,”stated Mick Dilger,Pembina's president and CEO.”Our customers continue to recognize the favorable economics in the Deep Basin and Montney areas and like us are pursuing development with a long-term outlook.Further,they appreciate the new markets we are developing such as the Prince Rupert Export Terminal and the proposed PDH/PP facility.”