Capital Markets | Capital Expenditure | Capital Expenditure - 2020
Pembina Ups Capex 40% for 2020; Spending More on Pipeline Projects
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Pembine Pipeline Corp. has detailed its 2020 capital plans.
2020 Capital Expenditure SummaryThe increased spending is likely due to the company's recent acquisition of Kinder Morgan's Canadian portfolio.
2020 guidance reflects the closing of the Kinder Morgan Transaction, the $440 million of new projects recently placed into service including Duvernay II, Wapiti Condensate Lateral, and NEBC Montney Infrastructure. In addition, Pembina expects to place into service an additional $1.1 billion of projects during 2020.
Plans by Sector Pembina’s Pipelines Division capital expenditures will be primarily focused on advancing the development of the Peace Pipeline System including the Phase VI, VII, VIII and IX expansions. Investment in the Facilities Division will be focused on the Duvernay…- ✓ Full news archive — U.S., Canada & international coverage
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