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KKR Deal Poises Pembina for Bigger Role in Canada's Natural Gas Market

KKR Deal Poises Pembina for Bigger Role in Canada's Natural Gas Market

oil_gas_production

Industry Segment: Production | Word Count: 867 Words
Attachment: Pembina capex 1221

SUGAR LAND--March 2, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--Pembina Pipeline Corporation (NYSE:PBA) (Calgary, Alberta) and KKR & Company Incorporated (NYSE:KKR) (New York, New York) announced Tuesday they will combine their western Canadian natural gas-processing assets into a new joint venture (currently named Newco), which will be 60% owned by Pembina (which will serve as the operator and manager) and 40% owned by KKR's global infrastructure funds. The joint venture also will acquire Energy Transfer LP's (NYSE:ET) (Dallas, Texas) remaining 51% interest in Energy Transfer Canada. Industrial Info is tracking more than US$3.8 billion worth of active projects from the three companies, including more than US$2.2 billion worth in Canada.

Within this article: Details on some of the highest-valued projects from Pembina, KKR and Energy Transfer Canada that could be affected by the new agreement.

Other companies featured: Veresen Midstream, Keyera Corporation

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