Keyera's Keylink NGL Gathering Pipeline System Now In Service

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."

About Keyera

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.

Disclaimer

This news release contains forward-looking statements based on Keyera's current expectations and assumptions made by the management of Keyera relating to its business, the environment in which it operates, its future operations and the performance of its assets, including the proposed Project. As these forward-looking statements depend upon future events, actual outcomes may differ materially depending on factors such as: producer interest in the services being offered; future operating results of the assets; the ability of Keyera to execute its strategic initiatives in connection with Keylink; regulatory, engineering and construction risks associated with the construction of additional segments; changes in production decline rates; weather conditions; commodity supply/demand balances and prices; activities of producers, competitors, customers, business partners and others; overall economic conditions; access to capital and financing alternatives; operational risks associated with the operation of the pipeline; environmental liabilities; potential delays or changes in producer development plans in the area; the legislative, regulatory and tax environment; and other known or unknown factors. There can be no assurance that the results or developments anticipated by Keyera will be realized or that it will have the expected consequences for or effects on Keyera. 

For additional information on these and other factors, see Keyera's public filings on www.sedar.com. The information provided in this release is given as of the date hereof. Readers are cautioned that they should not unduly rely on forward-looking information. 

SOURCE Keyera Corp.