November 25, 2019 [Oil & Gas 360] – Keyera Corp. announced today that it recently received a right of first refusal notice (“ROFR”) from an affiliate of Kinder Morgan Canada Limited in respect of Kinder Morgan’s 50 percent interest in the Base Line Terminal (“the Terminal”).
Keyera has elected not to exercise the ROFR and will continue to have a 50 per cent interest in the Terminal. The Terminal is an above-ground crude oil storage facility located near Edmonton, Alberta that provides customers with a total of 4.8 million barrels of crude oil storage capacity.
The ROFR was provided by Kinder Morgan in connection with the proposed acquisition of Kinder Morgan Canada Limited by Pembina Pipeline Corporation.
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