Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Pembina’s 2014 capital spending budget will be increased by $200-million to $1.7-billion from $1.5-billion, but most of the project spending is expected to be during construction in 2015 and 2016. (Pembina)
Pembina’s 2014 capital spending budget will be increased by $200-million to $1.7-billion from $1.5-billion, but most of the project spending is expected to be during construction in 2015 and 2016. (Pembina)

Pembina signs 30 customers for pipeline expansion project, raises capital budget Add to ...

Pembina Pipeline Corp. says it has reached binding agreements with 30 customers for a proposed $2-billion expansion to the company’s pipeline system in Western Canada.

The expansion, which requires regulatory approvals, would follow and expand segments of Pembina’s system flowing to Edmonton from northeastern British Columbia at Taylor, B.C.

More Related to this Story

The company said Monday that it plans to begin consultations with First Nations and its public involvement early in the new year.

The project includes a new pipeline that will run 270 kilometres from Fox Creek, Alta., to Edmonton. It will initially be able to carry 320,000 barrels per day, rising to 500,000 barrels per day.

The pipeline will carry a combination of crude oil, condensates and natural gas liquids.

Pembina’s 2014 capital spending budget will be increased by $200-million to $1.7-billion from $1.5-billion, but most of the project spending is expected to be during construction in 2015 and 2016.

It expects the expansion to go into service between late 2016 and mid 2017.

 
Live Discussion of PPL on StockTwits
More Discussion on PPL-T

Topics:

In the know

Most popular video »

Highlights

More from The Globe and Mail

Most Popular Stories