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Western Canada-focused Pembina Gas Infrastructure Inc. (PGI) is aiming to expand its natural gas infrastructure in the Montney and Duvernay formations after securing a half-stake in Whitecap Resources Inc.’s 15-07 Kaybob Complex.
Kaybob, being sold for C$420 million ($307 million), has natural gas processing capacity of 165 MMcf/d and condensate stabilization capacity of 15,000 b/d.
PGI, jointly owned by Pembina Pipeline Corp. and private equity giant KKR, also agreed to support “future infrastructure development” in Whitecap’s recently sanctioned Lator project.
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