Edition:
India

Pembina Pipeline Corp approves new capital projects and announces 2018 capital program


Thursday, 30 Nov 2017 

Nov 29 (Reuters) - Pembina Pipeline Corp ::PEMBINA PIPELINE CORPORATION APPROVES NEW CAPITAL PROJECTS AND ANNOUNCES 2018 CAPITAL PROGRAM.PEMBINA PIPELINE - ‍ BOARD APPROVED APPROXIMATELY $400 MILLION OF NEW CAPITAL PROJECTS, AS WELL AS A CAPITAL PROGRAM OF APPROXIMATELY $1.3 BILLION FOR 2018​.PEMBINA PIPELINE - EXPECTS TO FUND ABOUT $1.3 BILLION 2018 CAPITAL PROGRAM THROUGH INTERNALLY GENERATED CASH FLOW, DEBT FINANCING.PEMBINA PIPELINE CORP - ‍BOARD OF DIRECTORS HAS APPROVED DEVELOPMENT OF COMPANY'S PREVIOUSLY PROPOSED LIQUEFIED PETROLEUM GAS EXPORT TERMINAL​.PEMBINA PIPELINE - PRINCE RUPERT TERMINAL IS EXPECTED TO HAVE PERMITTED CAPACITY OF ABOUT 25,000 BARRELS/ DAY OF LPG.PEMBINA PIPELINE CORP - PRINCE RUPERT TERMINAL IS EXPECTED TO BE IN SERVICE MID-2020.PEMBINA PIPELINE CORP - PEMBINA PLANS TO SPEND APPROXIMATELY $540 MILLION IN ITS CONVENTIONAL PIPELINES BUSINESS NEXT YEAR.PEMBINA PIPELINE CORP - EXPECTED CAPITAL COST HAS BEEN ADJUSTED TO $250 MILLION TO $270 MILLION FOR PRINCE RUPERT TERMINAL​.PEMBINA PIPELINE CORP - ‍ BOARD SANCTIONED DEVELOPMENT OF NORTH CENTRAL LIQUIDS HUB WHICH SUPPORTS OPERATIONS FOR CUTBANK RIDGE PARTNERSHIP​.PEMBINA PIPELINE-ESTIMATED CAPITAL COST FOR NORTH CENTRAL LIQUIDS HUB IS $320 MILLION ($150 MILLION NET TO CO), EXPECTED TO BE PLACED INTO SERVICE LATE 2018​.PEMBINA PIPELINE CORP - COMPANY PLANS TO SPEND APPROXIMATELY $135 MILLION TOWARDS PROGRESSING ITS PROPOSED JORDAN COVE LNG PROJECT.