Plains All American Pipeline, L.P. (NYSE: PAA),
today announced that its wholly owned subsidiary Plains Midstream Canada
ULC ("PMC") has discontinued its joint pursuit with Keyera Corp. of the
construction and operation of the proposed Western Reach Pipeline system.
PMC continues to evaluate opportunities to participate in the expected
growth in natural gas liquids (NGL) volumes in Alberta's liquids-rich
Deep Basin region, whether through the construction of an NGL and
condensate pipeline system similar to the proposed Western Reach
pipeline, other newly constructed facilities, expansion of existing
pipelines or facilities, or a combination thereof.
Plains Midstream Canada, ULC is a wholly owned subsidiary of Plains All
American Pipeline, L.P., a publicly traded Partnership (NYSE:PAA) with a
market capitalization of over $18 billion.
Plains All American Pipeline, L.P. is a publicly traded master limited
partnership engaged in the transportation, storage, terminalling and
marketing of crude oil and refined products, as well as in the
processing, transportation, fractionation, storage and marketing of
natural gas liquids. Through its general partner interest and majority
equity ownership position in PAA Natural Gas Storage, L.P. (NYSE: PNG),
PAA owns and operates natural gas storage facilities. PAA is
headquartered in Houston, Texas.
Plains All American Pipeline, L.P.
Media Contact:
Brad
Leone, 713-646-4196 – 800-564-3036
Manager, Communications
or
Investor
Contact:
Samaan Aziz, 713-993-5235 – 800-564-3036
Sr.
Analyst, Investor Relations