Pembina Pipeline cuts capital spending plan by up to $1.1 billion

Must Read

Number of total coronavirus cases up to 1,203 in BC, 704 patients since recovered

VICTORIA, B.C. – Provincial Health Officials provided an update, Saturday afternoon, on the latest information regarding the coronavirus in...

Group organizing show of support for frontline medical staff

FORT ST. JOHN, B.C. - A local Fort St. John group is organizing a drive-by to show...

Feds pulled between bailing out oil and gas and moving to cleaner energy

OTTAWA — Canada's oil producers could only sit and watch as the price of their product plummeted last month...

CALGARY – Pembina Pipeline Corp. is cutting its capital spending plan for this year by up to $1.1 billion due to the COVID-19 pandemic and the plunge in oil prices.

The company now expects its revised 2020 capital budget to between $1.2 billion and $1.4 billion.

That compared with an earlier plan to spend $2.3 billion.

- Advertisement -

Community Interviews with Moose FM


Pembina says it’s deferring the Phase VII, VIII and IX expansions of the Peace Pipeline and its Empress co-generation facility.

It is also deferring its Prince Rupert terminal expansion and its investment in an integrated propane dehydrogenation plant and polypropylene upgrading facility.

Pembina says the deferred projects were expected to come into service largely in 2021 through 2023.

Latest Stories from Energeticcity.ca

More Articles Like This