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

KKR Deal Poises Pembina for Bigger Role in Canada


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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