Keyera expands Alberta gas processing presence

07/19/2010
Keyera Facilities Income Fund is expanding its gas processing capability in west central Alberta. Keyera will invest $65 million to buy interests in two additional gas plants and increase interests in four of its existing gas plants.After the deals, Keyera will have interests in 17 gas plants and will increase its net gas processing capacity by 9%, or 151 MMcfd. All of the incremental capacity can extract NGLs and handle sour gas.Keyera will acquire a 57% interest in the Minnehik Buck Lake gas plant and a 20% interest in the Edson gas plant. It also is buying various interests in the Keyera-operated West Pembina (WP), Nordegg River, Gilby, and Brazeau River gas plants. Interest in about 2...
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