AltaGas and Keyera have announced long-term commercial agreements that leverage each company’s infrastructure to provide value-added services to customers and strengthen each company’s long-term growth outlook. These agreements include Keyera entering into a long-term tolling agreement on AltaGas’ global exports platform, AltaGas contracting fractionation services at Keyera Fort Saskatchewan, and AltaGas contracting access to Keyera’s rail, storage, and logistics infrastructure. These agreements further de-risk both organisations’ infrastructure investments and ensure more of Canada’s vital energy products reach premium Asian markets.
Vern Yu, president and CEO of AltaGas says: ‘We are pleased to partner with Keyera and execute long-term agreements that will improve the value of both companies’ infrastructure and ensure we’re collectively delivering the best outcomes for the Canadian energy industry. These agreements strengthen the long-term growth and predictability of cash flows for both companies and strengthens Canada’s link into key Asian markets.’
Dean Setoguchi, president and CEO of Keyera adds: ‘This collaboration with AltaGas strengthens our integrated value chain and creates more diversified sales opportunities for our customers, enabling them to consistently reach the highest value markets. Together, we are working to make the energy industry in Canada more competitive.’
