Pembina Signs Agreement for Nation-Building Energy Corridor

Pembina Pipeline Corporation announced it has entered into a non-binding Heads of Agreement (HOA) to participate in a proposed nation-building energy infrastructure initiative. This project involves developing a new approximately one million barrel per day crude oil pipeline system connecting Alberta to Canada's West Coast, along with a related export terminal. Pembina will contribute its development and execution expertise, holding an initial 10% economic interest with the potential for up to an additional 10% upon commercial operation. The initiative, involving multiple stakeholders including the Government of Canada and Indigenous partners, is subject to Pembina's due diligence and final investment decision, with definitive agreements targeted for September 2026.