August 04, 2025 [Pembina]- Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL; NYSE: PBA) announced today that it has entered into a new long-term agreement with AltaGas Ltd. (“AltaGas”) that provides a highly competitive export outlet further enhancing end-market diversification for Pembina and its customers.

Pembina has entered into a long-term tolling agreement with AltaGas for 30,000 barrels per day (“bpd”) of liquified petroleum gases (“LPG”) export capacity at AltaGas’ current Ridley Island Propane Export Terminal (RIPET) and future Ridley Island Energy Export Facility (REEF). Under the agreement, Pembina has secured export capacity of 20,000 bpd starting in April 2026, and an additional 10,000 bpd starting in April 2027.

Long-term growth of natural gas and natural gas liquids increases the importance of connecting these energy products to premium markets – reliably and competitively. This agreement builds upon Pembina’s existing and valued relationship as one of AltaGas’ largest customers. In combination with 20,000 bpd of capacity at Pembina’s Prince Rupert Terminal, the Company will have 50,000 bpd of global market access off Canada’s West Coast, including to premium price markets in Asia, for its own and its customers’ propane. This capacity complements Pembina’s industry-leading North American propane marketing capabilities.