CALGARY, Feb. 10 /CNW/ - Keyera Facilities Income Fund (TSX:KEY.UN; KEY.DB; KEY.DB.A) today announced plans to strengthen its natural gas liquids (NGL) infrastructure in central Alberta. Keyera will use new and existing pipelines to collect and deliver NGL mix from west central Alberta, including its Strachan gas plant, for delivery to its fractionation facilities in the Edmonton/Fort Saskatchewan area.
In order to enhance its NGL transportation network, Keyera will convert an existing pipeline into NGL service, adding storage facilities and constructing a 6 kilometre pipeline connection. The total capital cost is expected to be approximately $11 million.
The new pipeline will enable Keyera to deliver NGLs into the Plains Midstream Canada Rangeland pipeline system for delivery to the Rimbey gas plant and north on Keyera's Rimbey Pipeline to Keyera's Fort Saskatchewan fractionation and storage facility.
"We are extremely pleased to be extending and enhancing our NGL infrastructure network in central Alberta. The project will provide another long-term, reliable connection to NGL supply for our Fort Saskatchewan facility, and will also reduce truck traffic in the area of the Strachan gas plant," said David Smith, Executive Vice President, Liquids Business Unit.
Disclaimer
This document contains forward-looking statements based on management's current expectations and assumptions relating to Keyera's business and the environment in which it operates. As these forward-looking statements depend upon future events, actual outcomes may differ materially depending on factors such as: Keyera's ability to execute its strategic initiatives; commodity supply/demand balances and prices; activities of producers, competitors, customers, business partners and others; overall economic conditions; availability of construction supplies, materials and labour; weather conditions; 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 they 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. Unless otherwise required by applicable laws, Keyera does not intend to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise.
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For further information: about Keyera Facilities Income Fund, please visit our website at www.keyera.com or contact: John Cobb, Director, Investor Relations or Bradley White, Investor Relations Advisor, E-mail: ir@keyera.com, Telephone: (403) 205-7670, Toll Free: (888) 699-4853, Facsimile: (403) 205-8425
