News Summary

Keyera Corp., a Calgary-based energy infrastructure company, has announced a $5.15 billion acquisition of the Canadian natural gas liquids business from the U.S. firm Plains. This strategic move is set to enhance Canada’s energy security and economic resilience by bringing these assets under Canadian ownership. The acquisition includes substantial infrastructure such as 193,000 barrels per day of fractionation capacity, 23 million barrels of storage, and over 2,400 kilometers of pipeline infrastructure. Additionally, the deal encompasses gas processing operations and logistics infrastructure in Canada and the U.S. This move aligns with Keyera’s mission to strengthen domestic infrastructure and unlock Canada’s energy potential. The transaction is expected to close in the first quarter of 2026, subject to customary closing conditions.