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  owner.  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.  Disclaimer  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  atwww.keyera.com or contact:  John Cobb, Vice President, Investor Relations and Information  Technology, or  Julie Puddell, Manager, Investor Relations E-mail:ir@keyera.com, Telephone:  (403) 205-7670 / Toll Free: (888) 699-4853  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/May2014/20/c8833.html  CO: Keyera Corp. ST: Alberta NI: OIL FIN VNT