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Stock Market & Financial Investment News

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August 9, 2013
17:39 EDTPBAPembina Pipeline plans to construct new $110M gas plant
Pembina Pipeline Corporation announced that it plans to construct, own, and operate a new 100 million cubic feet per day shallow cut gas plant and associated natural gas liquids and gas gathering pipelines near its existing Musreau facility in west central Alberta. Musreau II, which is expected to cost approximately $110M, is underpinned by long-term contracts with area producers for 100% of the facility's capacity. The facility will be designed to extract propane-plus and is expected to yield approximately 4,200 barrels per day of NGL for transportation on Pembina's Conventional Pipelines.
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