Pembina-Veresen Merger May Boost West Coast LNG Terminal, Other Projects
SUGAR LAND--May 2, 2017--Researched by Industrial Info Resources (Sugar Land, Texas)--The just-announced merger between Canadian midstream companies Pembina Pipeline Corporation (NYSE: PBA) (Calgary, Alberta) and Veresen Incorporated (TSX: VSN) (Calgary) would provide a platform to pursue larger growth projects and give a boost to projects like the Jordan Cove liquefied natural gas (LNG) plant and terminal in Oregon, executives with the firms said Monday. However, Jordan Cove might have to be "right sized" before moving forward, one executive indicated. Industrial Info is tracking US$12.5 billion in combined project activity in the U.S. and Canada by the two companies.
