Keyera to Participate as Non-Operating Owner in Norlite Pipeline

CALGARY, May 20, 2014 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced 
today that it has reached agreement with Enbridge Pipelines (Athabasca) Inc. 
("Enbridge") to participate in the Norlite Pipeline as a 30% non-operating 
The Norlite Pipeline will transport diluent for producers from the 
Edmonton/Fort Saskatchewan area into the Athabasca oil sands region. The 
pipeline will initially be constructed from Enbridge's Stonefell Terminal near 
Fort Saskatchewan northward to Suncor's East Tank Farm, which is adjacent to 
Enbridge's Athabasca Terminal. Along the route, Norlite will pass by both 
Enbridge's Cheecham Terminal and the Keyera/Enbridge South Cheecham Rail and 
Truck Terminal. 
Based on the current scope, the Norlite Pipeline will consist of a 20-inch 
diameter pipeline with an ultimate capacity of 280,000 barrels per day.  It 
will be anchored by throughput commitments from Suncor Energy Inc. ("SEI"), 
Total E&P Canada Limited ("Total") and Teck Resources Limited ("Teck") for the 
Fort Hills oil sands project and by Suncor Energy Oil Sands Limited 
Partnership ("SEOSLP") for its proprietary oil sands production.  If Enbridge 
is successful in securing additional long term commitments, the scope of the 
project could be increased to a 24-inch diameter pipeline system, and could 
also include a potential lateral pipeline to Enbridge's Norealis Terminal.  
Enbridge anticipates finalizing the project scope later this year, at which 
time the estimated capital cost will be determined.  The projected in-service 
date is the second quarter of 2017. 
The throughput commitments SEI, Total, Teck and SEOSLP have made on the 
Norlite Pipeline include transportation on Keyera's diluent system between 
Edmonton and Stonefell.  Keyera's diluent transportation system will deliver 
into the Norlite Pipeline and provide Norlite shippers with supply flexibility 
and liquidity while generating incremental revenue for Keyera. 
"We are pleased to be partnering once again with Enbridge to provide necessary 
services to the oil sands sector," said David Smith, President and Chief 
Operating Officer of Keyera. "The Norlite Pipeline enhances Keyera's 
integrated service offering, enables us to participate in a long-haul pipeline 
transportation system and provides us with an opportunity to offer 
complementary diluent handling services such as storage and rail off loading." 
About Keyera Corp. 
Keyera Corp. (TSX:KEY) 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. 
This document contains forward-looking statements based on Keyera's current 
expectations and assumptions relating to its business, the environment in 
which it operates, its future operations, the performance of its assets and 
the proposed Norlite Pipeline. As these forward-looking statements depend upon 
future events, actual outcomes may differ materially depending on factors such 
as: the design, construction and operation of the Norlite Pipeline; producer 
development plans and oilsands activity levels, including those of SEI, Total, 
Teck and SEOSLP; the ability of Enbridge to secure all necessary approvals and 
consents for the proposed Norlite Pipeline and all associated facilities; the 
ability of Enbridge to secure appropriate rights-of-way for the proposed 
Norlite pipeline system; producer interest in the services being offered and 
willingness to contract for services to support an increased scope; 
construction and input costs; construction scheduling variables; availability 
of construction crews and engineering services; ability to source required 
parts and equipment; future operating results of the assets; the ability of 
Keyera and Enbridge to execute each of their strategic initiatives in relation 
to this project and associated services; interest of producers, including SEI, 
Total, Teck and SEOSLP, in contracting for additional Keyera services; weather 
conditions; 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 associated with pipeline operations and oilsands activities; and 
potential delays or changes in plans with respect to the project 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 Keyera will be realized or 
that it will have the expected consequences for or effects on Keyera.

SOURCE  Keyera Corp. 
For further information about Keyera, please visit our website or contact: 
John Cobb, Vice President, Investor Relations and Information  Technology, or 
Julie Puddell, Manager, Investor Relations, Telephone: 
(403) 205-7670 / Toll Free: (888) 699-4853 
To view this news release in HTML formatting, please use the following URL: 
CO: Keyera Corp.
ST: Alberta
-0- May/20/2014 11:00 GMT
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