Plains All American Comments on Western Canadian Activities
HOUSTON -- August 14, 2013
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
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.
Brad Leone, 713-646-4196 – 800-564-3036
Samaan Aziz, 713-993-5235 – 800-564-3036
Sr. Analyst, Investor Relations
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