8 hours ago
Varcoe: On eve of new era for Canadian energy exports, Keyera CEO welcomes Ottawa's push to fast-track major projects
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'It creates the possibility, but a very clear process, which has at its heart consultation — full consultation with Indigenous peoples — to define what is a nation-building project.'
At Keyera, the midstream company said its deal with Houston-owned Plains will see the firm buy the assets and strengthen 'domestic energy infrastructure and energy security . . . and (it) establishes a strong, cross-Canada NGL corridor.'
The acquisition will give Keyera more size and scale, noted the company's CEO.
As for the country's broader energy sector, Canada has tremendous advantages to export more products from the Pacific Coast, including shorter shipping time to get LNG, crude oil and liquefied petroleum gas (LPG) — propane and butane — to Asia than from the U.S. Gulf Coast.
But the country needs regulations and policies to enable more exports.
'Hopefully, we can be more competitive in the international space as we expand our LNG and hopefully export a growing amount of crude barrels to Asian markets,' Setoguchi said.
'I'm hearing positive things from our prime minister. I hope he follows through and makes it happen.'
