Pembina,KKR to Create Midstream JV

摘要

Pembina Pipeline and private equity fi rm KKR are combining their three Western Canadian natural gas gathering and processing assets,in a move analysts said will pay off through cost reductions and increased effi ciency."In essence,this monetizes a minority stake in Pembina's wholly owned gathering and processing assets,"Scotiabank analysts observed.Pembina will also gain more exposure to Veresen Midstream's operations in the northeastern British Columbia Montney,which will play a signifi cant role in supplying LNG operations coming on line mid-decade in BC.