Pembina Pipeline announced a further expansion of its Peace Pipeline system, Phase VI, to accommodate incremental volume commitments in support of growth in the Montney and Deep Basin resource plays. The company's Pipeline Division has continued to receive strong customer demand for its transportation services, which has resulted in a significant and ongoing build-out of its pipeline systems. The company is also currently progressing construction of its Phase IV expansion, Phase IV, which is adding capacity between Fox Creek and Namao, and its Phase V expansion, which is debottlenecking upstream of Fox Creek, and expect both projects to be placed into service in late 2018. Following the completion of Phase IV, the Company will have approximately 1.1 Mmbpd of total capacity for delivery into the Edmonton area market. Pembina has the ability to further expand capacity to at least 1.3 Mmbpd through the addition of pump stations and other upgrades between Fox Creek and Namao. The approximately $280M Phase VI expansion is anticipated to be in service in early 2020, subject to environmental and regulatory approval. Pembina currently expects peak firm volume commitments will reach approximately 830,000 barrels per day in 2019.
