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Researched by Industrial Info Resources (Sugar Land, Texas)--Canadian midstream operator Pembina Pipeline Corporation (NYSE:PBA) (Calgary, Alberta) plans to spend $540 million in its conventional pipelines business next year, which is 40% of its $1.3 billion capital spending plan for 2018. Industrial Info is tracking $3.9 billion in active Pembina projects in Western Canada, including $1.2 billion under construction.
Pembina's overall investment campaign in its pipelines business includes two construction projects valued at $460 million: a $210 million liquefied petroleum gas (LPG) export terminal on the northern Pacific Coast, near Prince Rupert; and development of a $249 million North Central Liquids Hub to support operations for its Cutbank Ridge Partnership in the Montney near Dawson Creek.
The Prince Rupert terminal is the second propane export project planned for the northern Pacific Coast. Earlier this year, AltaGas Holdings Incorporated (Prince Rupert, British Columbia), a subsidiary of AltaGas Limited (TSX:ALA) (Calgary), announced plans to build an LPG terminal on land leased from the Prince Rupert Port Authority. The $500 million AltaGas project is expected to ship up to 1.2 million tons of propane a year. For more information, see Industrial Info's project report.
Click on the image at right for a Pembina graph showing Western Canada propane supply and demand to 2025.
Unlike far larger, costlier and mostly stalled liquefied natural gas projects in British Columbia, LPG terminals don't require new pipelines and utilize well-established shipping corridors for numerous bulk commodities from inland Canada. Pembina said its site "features a sheltered berth, existing docks adequate for LPG export; well-established rail connections between Alberta, Redwater and Watson Island; and efficient shipping routes to Asian, North, Central and South American markets."
In its conventional pipelines business, Pembina will allocate the majority of its investment to completing Phase IV and V of its Peace and Northern pipeline systems. Both are expected to enter service by the end of next year. For more information, see Industrial Info's project reports on the fourth and fifth phases.
Pembina's $2.4 billion Phase III pipeline expansion, which added an incremental capacity of 420,000 barrels per day (BBL/d) between Fox Creek and Namao, near Edmonton, Alberta, was completed in late June. The expansion allows Pembina to transport condensate, crude oil, ethane and propane--each in its own segregated pipeline--as well as higher upstream volumes driven by the development of the Duvernay, Deep Basin and Montney resource plays. See Industrial Info's project report for more information.
This year to-date, Pembina has placed about $2.8 billion in integrated capital projects into service, including the $400 million, Phase III expansion of its 65,000-BBL/d Redwater NGL (natural gas liquids) fractionation facility in Alberta. Called RFS III, the facility can now handle and process up to 210,000 BBL/d, making it the largest fractionation complex in Canada. For more information, see Industrial Info's report on the Redwater addition. To handle growing NGL demand from oil sands producers and an uptick in drilling activities in the Western Canada Sedimentary Basin, Pembina has said it may consider a Phase IV expansion of its Redwater facility in the future.
During this year's third quarter, Pembina completed a $235 million expansion of its pipeline infrastructure in northeast British Columbia to transport condensate and NGL from the liquids-rich Montney play, and placed its Duvernay complex into service. The Duvernay I gas plant can process up to 100 million cubic feet per day (MM cf/d). Within its gas services business, Pembina expects to spend $136 million, or 13%, of its 2018 capital, including development of a second Duvernay gas plant to process another 100 MM cf/d. See Industrial Info's project report for more information.
"Since the beginning of 2015, we have placed approximately $8 billion of predominately contracted assets into service, marking the culmination of an unprecedented growth strategy implemented in 2013," noted Pembina President and Chief Executive Mick Dilger.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle TM, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com
Pembina's overall investment campaign in its pipelines business includes two construction projects valued at $460 million: a $210 million liquefied petroleum gas (LPG) export terminal on the northern Pacific Coast, near Prince Rupert; and development of a $249 million North Central Liquids Hub to support operations for its Cutbank Ridge Partnership in the Montney near Dawson Creek.
The Prince Rupert terminal is the second propane export project planned for the northern Pacific Coast. Earlier this year, AltaGas Holdings Incorporated (Prince Rupert, British Columbia), a subsidiary of AltaGas Limited (TSX:ALA) (Calgary), announced plans to build an LPG terminal on land leased from the Prince Rupert Port Authority. The $500 million AltaGas project is expected to ship up to 1.2 million tons of propane a year. For more information, see Industrial Info's project report.
Unlike far larger, costlier and mostly stalled liquefied natural gas projects in British Columbia, LPG terminals don't require new pipelines and utilize well-established shipping corridors for numerous bulk commodities from inland Canada. Pembina said its site "features a sheltered berth, existing docks adequate for LPG export; well-established rail connections between Alberta, Redwater and Watson Island; and efficient shipping routes to Asian, North, Central and South American markets."
In its conventional pipelines business, Pembina will allocate the majority of its investment to completing Phase IV and V of its Peace and Northern pipeline systems. Both are expected to enter service by the end of next year. For more information, see Industrial Info's project reports on the fourth and fifth phases.
Pembina's $2.4 billion Phase III pipeline expansion, which added an incremental capacity of 420,000 barrels per day (BBL/d) between Fox Creek and Namao, near Edmonton, Alberta, was completed in late June. The expansion allows Pembina to transport condensate, crude oil, ethane and propane--each in its own segregated pipeline--as well as higher upstream volumes driven by the development of the Duvernay, Deep Basin and Montney resource plays. See Industrial Info's project report for more information.
This year to-date, Pembina has placed about $2.8 billion in integrated capital projects into service, including the $400 million, Phase III expansion of its 65,000-BBL/d Redwater NGL (natural gas liquids) fractionation facility in Alberta. Called RFS III, the facility can now handle and process up to 210,000 BBL/d, making it the largest fractionation complex in Canada. For more information, see Industrial Info's report on the Redwater addition. To handle growing NGL demand from oil sands producers and an uptick in drilling activities in the Western Canada Sedimentary Basin, Pembina has said it may consider a Phase IV expansion of its Redwater facility in the future.
During this year's third quarter, Pembina completed a $235 million expansion of its pipeline infrastructure in northeast British Columbia to transport condensate and NGL from the liquids-rich Montney play, and placed its Duvernay complex into service. The Duvernay I gas plant can process up to 100 million cubic feet per day (MM cf/d). Within its gas services business, Pembina expects to spend $136 million, or 13%, of its 2018 capital, including development of a second Duvernay gas plant to process another 100 MM cf/d. See Industrial Info's project report for more information.
"Since the beginning of 2015, we have placed approximately $8 billion of predominately contracted assets into service, marking the culmination of an unprecedented growth strategy implemented in 2013," noted Pembina President and Chief Executive Mick Dilger.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle TM, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com
