Ambitious Pembina Pipeline ....Financial Post article Pembina Pipeline Corp. will need to get creative to fund its ambitious plans to buy up competitor Inter Pipeline Ltd., acquire the Trans Mountain pipeline system and build a liquefied natural gas project in British Columbia, analysts say.
Pembina announced the formation of two partnerships this week with Indigenous groups.
Canada’s third-largest pipeline company said in an emailed statement it has formed Chinook Pathways, an “equal” partnership with Western Indigenous Pipeline Group to pursue ownership of the government-owned Trans Mountain company that includes the $12.9-billion expansion project between Edmonton and Burnaby, once it is completed in 2022.
On Tuesday, Pembina announced it had formed a partnership with Haisla Nation in Kitimat, B.C., to build Cedar LNG, a floating export project near Kitimat that would ship 3 million tonnes of LNG per year from B.C. to Asian markets at a total project cost of $3 billion. A final investment decision is expected in 2023.