Plains All American selling Canadian NGL business

Jack Burke Senior Editor, Compressor Tech2

June 18, 2025

Deal shifts Plains’ focus toward crude oil midstream

Plains All American Pipeline, L.P. and Plains GP Holdings have agreed to sell nearly all of their Canadian natural gas liquids (NGL) assets to Calgary-based Keyera Corp. in a deal valued at approximately $5.15 billion Canadian dollars ($3.75 billion U.S.), the companies announced June 17.

The transaction, expected to close…

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