Pembina Pipeline Corp. placed the Phase II low vapor pressure crude oil and condensate pipeline expansion ("Phase II LVP Expansion") in service, the company said April 27. The expansion adds 55,000 barrels per day (Mbbl/d) to the Peace Pipeline system, bringing it to more than 250 Mbbl/d.
The Phase II LVP Expansion was placed in service April 24 and commissioned April 8. It is supported by long-term contracts with Pembina's customers.
The expansion will alleviate volume constraints and contribute to the fee-for-service-based cash flow stream, said Jason Wiun, vice president for conventional pipelines.
Phase II LVP Expansion should cost $350 million, including post-construction cleanup.
Mick Dilger, president and CEO, said Pembina’s other pipeline projects are progressing The Phase III crude oil condensate and NGL expansion had 70 kilometers put in service. The Phase II expansion’s NGL component will be put in service during this year’s third quarter.
Pembina Pipeline Corp. is based in Calgary, Alberta.
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