Calgary-based Pembina Pipeline Corp. is expanding its portfolio of Western Canada natural gas midstream assets to support infrastructure development in the Montney Shale and Duvernay formation, which is expected to be the epicenter for supply to feed future LNG exports.
Pembina Gas Infrastructure Inc. (PGI), the gas processing entity jointly owned by Pembina and private equity giant KKR Global Infrastructure, agreed to pay Veren Inc., also based in Calgary, US$240 million for four batteries in the Gold Creek and Karr areas.
"This transaction demonstrates how our collaborative approach to infrastructure solutions creates a compelling value proposition for our customers,” PGI CEO Chris Rousch said.
