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Veresen Midstream

Company Summary

Description

In 2014, Veresen announced the formation of Veresen Midstream, a 50/50-owned limited partnership between Veresen and Kohlberg Kravis Roberts & Co. Veresen, through Veresen Midstream, will be a leading Western Canadian gas and natural gas liquids midstream business.

Website

http://www.vereseninc.com/our-business/midstream/v...

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Company Transactions

Date: 3/1/2022
Type: Joint Venture

NOTES:
Pembina and KKR will combine their Canadian natural gas processing assets into a single joint venture company. Pembina will be the operator and own 60% of the business while KKR hold's 40%. Pembina will be contributing its own gas processing asset, the Veresen Midstream business (currently 55% owned by Pembina, 45% KKR), and the acquired assets from Energy Transfer Canada. All transactions add up to a combined $11.4 billion value.
REGIONS:
  • Western Canadian Sedimentary Basin