Pembina Pipeline Corporation Approves Phase VIII Peace Pipeline Expansion - Seite 2

"The Phase VIII expansion is an exciting development as we are nearing our ultimate goal of achieving full product segregation along the entire Peace Pipeline system," said Jason Wiun, Pembina's Senior Vice President and Chief Operating Officer, Pipelines. "When combined with the Phase VII expansion, we have signed approximately 160,000 barrels per day of incremental firm contracts. Through our various staged expansions, Pembina continues to respond to new service requests from producers in a reliable, timely and cost-effective manner," concluded Mr. Wiun. 

About Pembina

Calgary-based Pembina Pipeline Corporation is a leading transportation and midstream service provider that has been serving North America's energy industry for over 60 years. Pembina owns an integrated system of pipelines that transport various hydrocarbon liquids and natural gas products produced primarily in western Canada. The Company also owns gas gathering and processing facilities and an oil and natural gas liquids infrastructure and logistics business. Pembina's integrated assets and commercial operations along the majority of the hydrocarbon value chain allow it to offer a full spectrum of midstream and marketing services to the energy sector. Pembina is committed to identifying additional opportunities to connect hydrocarbon production to new demand locations through the development of infrastructure that would extend Pembina's service offering even further along the hydrocarbon value chain. These new developments will contribute to ensuring that hydrocarbons produced in the Western Canada Sedimentary Basin and the other basins where Pembina operates can reach the highest value markets throughout the world.

Pembina strives to provide sustainable, industry-leading total returns for our investors; reliable and value-added services for our customers; a net positive impact to communities; and a safe, respectful, collaborative and fair work culture for our employees.

Pembina's strategy is to:

• Preserve value by providing safe, environmentally conscious, cost-effective and reliable services;
  
  
• Diversify by providing integrated solutions which enhance profitability and customer service;
  
  
• Implement Growth by pursuing projects or assets that are expected to generate cash flow per share accretion and capture long-life, economic hydrocarbon reserves; and