trending Market Intelligence /marketintelligence/en/news-insights/trending/6IY0juFJDHAAIkQXPxpapw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Keyera signs long-term NGL services agreement with Chevron Canada

Q3: U.S. Solar and Wind Power by the Numbers

Path to Carbon-Free Power Generation by 2035

The Growing Importance of Data Centers for European & U.S. Renewable Projects

CAISO and ERCOT Power Forecasts by the Hour

Keyera signs long-term NGL services agreement with Chevron Canada

Keyera Corp. entered into a 20-year agreement with Chevron Canada Ltd. to process and store NGLs from Chevron's Kaybob Duvernay operations near Fox Creek, Alberta.

An area of dedication above 230,000 gross operated acres is included in the agreement, along with take-or-pay commitments, according to an Oct. 10 news release. Under the agreement, Chevron would deliver about 50% of its NGLs from the area of dedication to Keyera, which would provide fractionation, storage and terminaling services through the facilities at its Fort Saskatchewan energy complex on a fee-for-service basis.

During the agreement's term, Chevron may also request that Keyera provide these services through individual long-term service agreements. Keyera may also expand its facilities depending on the success and scale of Chevron's Duvernay program, the company said.

"With Chevron being one of the largest lease holders in the Duvernay resource play, the agreement represents an exciting opportunity for Keyera," said Dean Setoguchi, senior vice president of Keyera's liquids business unit.

Chevron Canada is a subsidiary of Chevron Corp.