Williams Partners Consolidates Williams' Canadian Assets

摘要

For $1.2 billion (U.S.) and to boost its natural gas liquid treating and processing business, Williams Partners L.P., the global pipeline company, has bought Alberta assets from Williams Cos Inc., it was announced in late February. The assets include an oil sands off-gas processing plant near Fort McMurray, approximately 415 kilometres of NGL and olefins pipelines, as well as an NGL/olefins fractionation facility and butylene/butane splitter facility at Redwater. Williams Partners also acquired an in-progress expansion project at the Redwater facility. The expansion will provide additional fractionation business to Williams Partners related to development of off-gas processing at the CNRL Horizon upgrader facility retained by Williams.