Shares in Keyera Corp. rose by as much as nine per cent after it announced it will proceed with a long-anticipated $1.3-billion pipeline to bring natural gas liquids from northwestern Alberta to market. The Key Access Pipeline System is designed to collect condensate and other petroleum liquids produced with natural gas in the Montney and Duvernay regions and bring it to the liquids processing and storage hub at Fort Saskatchewan, just northeast of Edmonton. Calgary-based Keyera says it will share costs and ownership of the project with SemCAMS Midstream ULC, which is owned by American firms SemGroup Corp. and KKR. Analyst Nate Heywood of AltaCorp Capital pointed out the line will compete with Pembina Pipeline Corp.'s Peace Pipeline — a $500-million expansion of the latter was approved in January because of rising customer demand. Keyera shares were trading at $33.56, up $1.95 or 6.2 per cent, at 2:45 p.m. in Toronto.

Source: CBC News May 15, 2019 19:30 UTC