- Business
- Pembina Pipeline Corporation operates as a leading North American energy infrastructure company, providing integrated transportation and midstream services for crude oil, natural gas, and natural gas liquids (NGLs) across the energy value chain; its core offerings include over 18,000 kilometres of pipelines encompassing conventional, transmission, oil sands, and heavy oil systems such as the Cochin Pipeline, Alliance Pipeline, Peace Pipeline, and BC System; gas gathering and processing facilities including the Cutbank Complex, Duvernay Complex, and Redwater Complex; NGL fractionation and extraction at Saturn Complex, Aux Sable, and Redwater Fractionator III; storage and terminalling operations at Edmonton Terminals, Vancouver Wharves, and Prince Rupert Export Terminal; and marketing services connecting producers to refiners, industrial users, and global markets. The company serves upstream producers, midstream processors, refiners, and petrochemical firms primarily in Western Canada, extending to the U.S. Midwest including Chicago and Malin Hub, with key assets in Alberta, British Columbia, Saskatchewan, and Ontario. Founded in 1954 and headquartered in Calgary, Alberta, Pembina structures its business across Pipelines, Facilities, and Marketing & New Ventures segments.
In recent developments, Pembina completed the full consolidation of Alliance Pipeline and Aux Sable through its $3.1 billion acquisition of Enbridge's interests on April 1, 2024, enhancing its exposure to resilient end-use markets; it reached positive final investment decision on the Cedar LNG project, securing a 20-year agreement with PETRONAS for 1.0 million tonnes per annum of capacity as of November 2025; Pembina Gas Infrastructure (PGI) executed transactions with Veren Inc. and Whitecap Resources Inc., including acquisitions of processing interests and long-term take-or-pay agreements to boost volumes in the Duvernay and Montney plays; it completed the $430 million Phase VIII Peace Pipeline Expansion and $90 million NEBC MPS Expansion in 2024, sanctioned $210 million in new projects like Wapiti Expansion and K3 Cogeneration, and entered a long-term ethane supply deal with Dow Chemical Canada for up to 50,000 barrels per day; additionally, PGI announced up to $400 million funding for Lator battery and gathering laterals, advanced over $1 billion in proposed pipeline expansions, and entered an LPG export agreement with AltaGas Ltd. in 2025.