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UPDATE: Keyera and Plains Solicit Interest in Construction of New Liquids Pipeline System; KEY Nearer Yr Highs
By: MT Newswires
Keyera Corp. (KEY.TO) and Plains Midstream Canada ULC, a wholly owned subsidiary of Plains All American Pipeline, L.P. ( PAA ), announced they have entered into an arrangement to solicit interest in the construction of a jointly-owned liquids pipeline system in northwest Alberta. The proposed pipeline system, to be called the Western Reach Pipeline System, is anticipated to run from the Gordondale area of northwestern Alberta to Alberta's natural gas liquids energy hub in Fort Saskatchewan. Keyera - which is trading near a year high $58.65 - and Plains have begun an open season process seeking non-binding nominations for volumes to underpin construction.