Tidewater Midstream Closes $1.2 Million Acquisition of Pembina’s North Segment of Western Pipeline
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Tidewater Midstream has closed on the acquisition of the North Segment of the Western Pipeline System from Pembina Pipeline Corporation and certain of its affiliates.
The Western Pipeline is a key infrastructure asset to Tidewater, connecting the Prince George Refinery (PGR) to crude supply in Northeastern British Columbia.
Integration of the Western Pipeline within Tidewater’s downstream operations and capital program is expected to deliver meaningful operational efficiencies, enhancing Tidewater’s ability to optimize its feedstock procurement and cost structure at the PGR.
Tidewater Midstream and Infrastructure business objective is to profitably grow and create shareholder value in the North American natural gas, natural gas liquids, crude oil, refined product, and renewable energy value chain. Its operations include downstream facilities, natural gas processing facilities, natural gas liquids infrastructure, pipelines, storage, and various renewable initiatives. To complement its infrastructure asset base, the corporation also markets crude, refined product, natural gas, natural gas liquids and renewable products and services to customers across North America.
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