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Pembina Pipeline announces Binding Season on Cochin Pipeline

Pembina-Pipeline-announces-Binding-Season-on-Cochin-Pipeline

Calgary-based Pembina Pipeline Corporation announced Tuesday that PKM Cochin ULC and Pembina Cochin LLC have jointly launched an open season to obtain proposals for the transport of light condensate at the Cochin Pipeline. This session begins January 19, 2021, at 8 a.m. and closes on February 18, 2021, at 5 p.m.

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Binding Season at the Cochin Pipeline

Pembina Pipeline Corporation announced Tuesday that Pembina Cochin LLC and PKM Cochin ULC are launching an open session to obtain proposals for light condensate transport activities on the Cochin Pipeline.

The Cochin Pipeline System is a 1,561- mile, 12-inch pipeline. In 2019, Pembina Pipeline acquired ownership of the pipeline from Kinder Morgan. Since then, the Company has procured the pipeline’s correct transportation of condensate from Fair Oaks, Indiana, to Fort Saskatchewan, Alberta in Canada.

Some of the pipeline system’s characteristics are: 1,000 PSIG Operating pressure; Automated pipeline block valves; Pump stations are located approximately every 60 miles. Pembina monitors the Cochin Pipeline on a 24-hour basis from the computer-assisted control system.

Further information regarding the open season is available on Pembina’s website’s Customer page or by contacting cochinbd@pembina.com.

Canadian Pembina Pipeline Corporation is a leading transportation and midstream service provider serving North America’s energy industry for more than 65 years. The Company owns an integrated system of pipelines for hydrocarbon liquid and natural gas product transportation produced mainly in western Canada.

Pembina also owns gas gathering and processing facilities, oil and natural gas liquids infrastructure, whole growing an export terminals branch at its logistics business.  

More about Pembina

The midstream major’s integrated assets and commercial operations along most of the hydrocarbon value chain allow it to offer a full spectrum of midstream and marketing services to the energy sector.

Pembina is committed to identifying additional opportunities to connect hydrocarbon production to new demand locations. This activity is possible through the development of infrastructure along the hydrocarbon value chain.

These new developments ensure that hydrocarbons produced in the Western Canadian Sedimentary Basin and the other basins where Pembina operates can reach the highest value markets throughout the world.

According to the Company, its primary purpose is to be the leader in delivering integrated infrastructure solutions connecting global markets:

  • Customers choose us first for reliable and value-added services;
  • Investors receive sustainable industry-leading total returns;
  • Employees say we are the ’employer of choice’ and value our safe, respectful, collaborative, and fair work culture; and
  • Communities welcome us and recognize the net positive impact of our social and environmental commitment.

The Company is structured and works through three main Divisions: Pipelines Division, Facilities Division and Marketing, and the New Ventures Division.

Pembina’s common shares trade on the Toronto and New York stock exchanges under PPL and PBA, respectively.

SOURCE: Pembina Pipeline Corporation

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