Keyera to maintain ownership in Base Line Terminal

Keyera Corp. has decided to keep its 50% interest in Base Line Terminal near Edmonton, Alberta.

The decision follows the company recently receiving a right of first refusal notice from an affiliate of Kinder Morgan Canada in respect of Kinder Morgan's 50% interest in the terminal.

The aboveground storage facility comprises 4.8 million barrels of crude oil storage capacity.

The ROFR was provided by Kinder Morgan in connection with the proposed acquisition of Kinder Morgan Canada by Pembina Pipeline.