Keyera Corp. provided a business update on June 16, a few weeks after having closed the acquisition of Plains’ Canadian NGLs business.
In terms of nearer-term project updates, Keyera noted that the 8 Mb/d debottleneck project at its KFS III fractionator was brought into service earlier this month, while an 8 Mb/d Phase 2 Expansion at its recently acquired Plains Fort Saskatchewan Fractionator (renamed KFS North) is expected to be complete before year-end.
Volumes on Keyera’s KAPS pipeline system have recently been exceeding design capacity for condensate. Keyera has been adding pumping capacity to accommodate additional contracted volumes.
Longer-term, Keyera noted it is looking at a new gas plant in the Gold Creek area of Alberta’s Montney play, further capacity additions on KAPS (more pumping stations, drag reducing agents) and a potential Phase 2 for its ACE rail terminal. Recall that in May Keyera announced it was going to develop Phase 1 of the ACE terminal, which is expected to start providing 45 Mb/d of unit train rail loading capacity at Fort Saskatchewan by mid-2028, for delivery to AltaGas’ export platform in the Prince Rupert area (see image below).
At its Empress facilities recently acquired from Plains, one of the five straddle plants will be down for several weeks spanning Q3 and Q4, and the Empress fractionator will also undergo a turnaround. The KFS North fractionator will also be going down for several weeks in Q3, mainly to bring the 8 Mb/d debottleneck project online.
Source: Keyera Corp.
