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Pembina Pipeline Corp To Proceed with $1 Bln Expansion of NGL Infrastructure; Shares Shy of Yr Highs

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Pembina Pipeline Corporation (PPL.TO, PBA), trading shy of year highs, announced plans to proceed with an expansion of its existing natural gas liquids infrastructure at a combined capital cost of approximately $1 billion.

Pembina's expansion comprises three integrated components along the NGL value chain, as follows:

1. the twinning of its 200 million cubic feet per day Saturn deep cut facility to extract valuable NGL from raw gas streams in the Berland area of Alberta.

2. the twinning of its 73,000 barrel per day ethane-plus fractionator at its Redwater site, near Fort Saskatchewan, Alberta; and

3. the Phase II NGL pipeline capacity expansion of its Peace/Northern NGL System to accommodate increased NGL volumes.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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