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| Keyera Announces Construction of New Pipeline Keyera Facilities Income Fund, one of the largest natural gas midstream businesses in Canada, announced that it has initiated construction of a 48 kilometre, 6 inch diameter, sour natural gas gathering pipeline in northeast British Columbia. The pipeline, known as the Caribou North Gas Gathering System, will deliver raw natural gas to Keyera’s Caribou gas plant for processing from a developing area north of the Buckinghorse River. To accommodate the additional gas from this pipeline, Keyera will expand the Caribou gas plant by 25 million cubic feet per day to 65 million cubic feet per day. The Caribou North Gas Gathering System will expand the capture area of the Caribou gas plant by about 1, 000 square kilometres. This area has seen increasing levels of land and drilling activity but has suffered from a lack of gas gathering infrastructure. A number of producers have provided commitments to the project. Upon completion, Keyera will own approximately 85% of the pipeline and will be the operator. Gross capital expenditures will be approximately $21.5 million and Keyera anticipates completion by mid 2006. write your comments about the article :: © 2005 Construction News :: home page |