Keyera and Kinder Morgan to Construct Crude Oil Rail Loading Terminal in Edmonton

Keyera and Kinder Morgan to Construct Crude Oil Rail Loading Terminal in 
CALGARY, July 30, 2013 /CNW/ - Keyera Corp. (TSX:KEY) (TSX:KEY.DB.A) 
("Keyera") and Kinder Morgan Energy Partners L.P. (NYSE:KMP) ("Kinder Morgan") 
today announced a 50-50 joint venture to build a crude oil rail loading 
facility in Edmonton, Alberta called the Alberta Crude Terminal. When 
complete, the Alberta Crude Terminal will be able to accept crude oil streams 
handled at Kinder Morgan's Edmonton Terminal for loading and delivery via rail 
to refineries anywhere in North America. 
"We are delighted to partner with Kinder Morgan, one of the premier pipeline 
transportation and energy storage companies in North America," said David 
Smith, President and COO of Keyera. "Kinder Morgan's access to multiple crude 
streams, together with our location and facility capabilities, combines crude 
oil supply with the necessary infrastructure, land and rail connectivity to 
help address some of the crude oil delivery constraints currently being 
experienced by the Alberta energy sector." 
"Keyera is a key and significant midstream company in Western Canada and we 
are pleased to be able to join forces with them to enable additional market 
export options for the Canadian producer and supply options for the North 
American refining industry," said Bill Henderson, Vice President for Kinder 
Morgan Canada Terminals. "The Alberta Crude Terminal is a great strategic 
fit with our expanding Edmonton terminal hub and is a very important part of 
our growing crude by rail terminal network." 
The Alberta Crude Terminal will be constructed next to Keyera's Alberta 
Diluent Terminal on land recently acquired by a Keyera subsidiary. The 
Alberta Crude Terminal, which will be operated by Keyera, will have 20 loading 
spots capable of loading approximately 40,000 barrels per day of crude oil 
into tank cars and will be served by both Canadian National Railway and 
Canadian Pacific Railway. The location is very well situated to provide this 
service, as the Edmonton area is western Canada's primary oil hub where 
Alberta crude oil is aggregated before being delivered to markets across North 
In addition to the construction of the Alberta Crude Terminal, Kinder Morgan 
and Keyera are independently planning modifications to their respective 
facilities in the Edmonton area to facilitate delivery of crude oil to the 
Alberta Crude Terminal. Kinder Morgan is proposing to construct a 16-inch 
pipeline to connect its North 40 Edmonton Terminal to Keyera's Edmonton 
Terminal. Keyera plans to construct a new 16-inch crude oil pipeline across 
its Edmonton Terminal to join to the existing Alberta Diluent Terminal 
connector pipeline and install additional pumping capacity. In conjunction 
with this project, Keyera is also proposing to construct a new 12-inch 
condensate pipeline connecting the Alberta Diluent Terminal to Keyera's Fort 
Saskatchewan Pipeline System. 
Engineering work is well underway on these initiatives, and commissioning of 
the new terminal is targeted for the second quarter of 2014, assuming receipt 
of regulatory approvals and delivery of long-lead items on a timely basis. 
Keyera's share of the cost of the Alberta Crude Terminal, as well as the land 
purchase, pipeline construction and other facility modifications, is expected 
to be approximately $65 million. Kinder Morgan's share of the cost of the 
Alberta Crude Terminal including modifications to the Edmonton North 40 
terminal and connections to Keyera is expected to be approximately $33 
million. Construction of the Alberta Crude Terminal is underpinned by a 
five-year agreement with a major refiner. 
In anticipation of additional demand for crude oil loading services, Kinder 
Morgan and Keyera are currently evaluating a possible expansion of up to 
125,000 barrels per day of additional crude loading capacity and the possible 
addition of a diluent recovery unit. The commercial discussions to determine 
customer support for such an expansion are expected to begin shortly. 
This document contains forward-looking statements based on current 
expectations and assumptions made by the management of each of Keyera and 
Kinder Morgan respectively relating to, among other things, each party's 
business, the environment in which each operates and the future operations and 
performance of the assets. As these forward-looking statements depend upon 
future events, actual outcomes may differ materially depending on factors such 
as: obtaining all necessary governmental approvals for the Alberta Crude 
Terminal, proposed pipelines and the associated facilities; future operating 
results of the assets; ability execute strategic initiatives; construction and 
input costs; weather conditions; construction scheduling variables; commodity 
supply/demand balances and prices; activities of producers, competitors, 
customers, business partners and others; overall economic conditions; access 
to capital and financing alternatives; operational risks; and potential delays 
or changes in plans with respect to development projects or capital 
expenditures or the results therefrom; the legislative, regulatory and tax 
environment; and other known or unknown factors. There can be no assurance 
that the results or developments anticipated by either Keyera or Kinder Morgan 
will be realized or that they will have the expected consequences for or 
About Keyera Corp. 
Keyera Corp. (TSX:KEY) (TSX:KEY.DB.A) operates one of the largest natural gas 
midstream businesses in Canada. Its business consists of natural gas 
gathering and processing as well as the processing, transportation, storage 
and marketing of natural gas liquids (NGLs), the production of iso-octane and 
crude oil midstream activities. 
Keyera's gas processing plants and associated facilities are strategically 
located in the west central, foothills and deep basin natural gas production 
areas of the Western Canada Sedimentary Basin. Its NGL and crude oil 
infrastructure, including pipelines, terminals and processing and storage 
facilities, as well as its iso-octane facility, are located in Edmonton and 
Fort Saskatchewan, Alberta, a major North American NGL hub. Keyera markets 
propane, butane, condensate and iso-octane to customers in Canada and the 
United States. For further information about Keyera, please visit our 
website at 
About Kinder Morgan 
Kinder Morgan Energy Partners, L.P. (NYSE: KMP) is a leading pipeline 
transportation and energy storage company and one of the largest publicly 
traded pipeline limited partnerships in America. It owns an interest in or 
operates more than 54,000miles of pipelines and 180terminals. The 
general partner of KMP is owned by Kinder Morgan, Inc. (NYSE: KMI). Kinder 
Morgan is the largest midstream and the third largest energy company in North 
America with a combined enterprise value of approximately $115billion. It 
owns an interest in or operates approximately 82,000miles of pipelines and 
180terminals. Its pipelines transport natural gas, gasoline, crude oil, 
CO(2) and other products, and its terminals store petroleum products and 
chemicals and handle such products as ethanol, coal, petroleum coke and 
steel. KMI owns the general partner interests of KMP and El Paso Pipeline 
Partners, L.P. (NYSE: EPB), along with limited partner interests in KMP, 
Kinder Morgan Management, LLC (NYSE: KMR) and EPB. For more information 
please visit 
Keyera Contacts: 
John Cobb, Vice President, Investor Relations, or Julie Puddell, Manager, 
Investor Relations Telephone: (403) 205-7670 Toll Free: 
(888) 699-4853 Facsimile: (403) 205-8425 
Kinder Morgan Contacts: 
Emily Mir Media Relations (713) 369-8060 
Investor Relations (713) 369-9221   
SOURCE: Keyera Corp. 
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CO: Keyera Corp.
ST: Alberta
-0- Jul/30/2013 21:00 GMT
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