Keyera has acquired the remaining 50% non-operating interest in the KAPS Pipeline project in Canada from Stonepeak for C$1.21bn ($860m).
The transaction closed concurrently with the announcement, giving Keyera full ownership and operational control of the KAPS Pipeline system.
The 575km pipeline network moves natural gas liquids (NGL) and condensate from the Montney and Duvernay plays in north-west Alberta to Keyera's Fort Saskatchewan processing and storage hub.
According to Keyera, more than 120,000 barrels per day (bpd) of additional commitments have been secured across KAPS Zones 1–4 since 2025.
Construction of Zone 4 remains on schedule, with an expected in-service date in mid-2027.
The transaction closed concurrently with the announcement, giving Keyera full ownership and operational control of the KAPS Pipeline system.
The 575km pipeline network moves natural gas liquids (NGL) and condensate from the Montney and Duvernay plays in north-west Alberta to Keyera's Fort Saskatchewan processing and storage hub.
According to Keyera, more than 120,000 barrels per day (bpd) of additional commitments have been secured across KAPS Zones 1–4 since 2025.
Construction of Zone 4 remains on schedule, with an expected in-service date in mid-2027.
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