05.04.16. Plains All American Pipeline subsidiary Plains Midstream Canada is to acquire Westcoast Energy Inc’s Canadian NGL business for C$200 million (US$150 million).
The transaction includes Westcoast’s NGL integrated system, consisting of the Empress NGL extraction and fractionation facility, the PTC transmission pipeline, seven NGL terminals and two NGL storage facilities in Western Canada, which include 2.4 billion cb ft a day of NGL extraction capacity and 63,000 bpd of fractionation capacity at Empress as well as 4.7 million barrels of NGL storage.
Plains Midstream CEO David Duckett said the assets were a strategic fit with the partnership’s existing core NGL midstream operations in Canada. “The assets fit well into our existing NGL platform and allow for continued long-term profitability,” he commented.

5th April 2016