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Pembina Pipeline Enters into LPG Export Agreement with AltaGas Ltd.

1. Pembina Pipeline signed a long-term tolling agreement with AltaGas for LPG exports. 2. The deal enhances market diversification, potentially boosting revenue for Pembina.

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FAQ

Why Bullish?

This agreement increases Pembina's revenue streams, reminiscent of past contract expansions that positively impacted share prices.

How important is it?

The new export capacity significantly enhances Pembina's competitive position, which could attract investment.

Why Long Term?

The long-term nature of the agreement suggests sustainable revenue growth over years, unlike short-term price fluctuations.

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ALA.TOPPL.TO
CALGARY, Alberta--(BUSINESS WIRE)--Pembina Pipeline Corporation ("Pembina" or the “Company”) (TSX: PPL; NYSE: PBA) announced today that it has entered into a new long-term agreement with AltaGas Ltd. (“AltaGas”) that provides a highly competitive export outlet further enhancing end-market diversification for Pembina and its customers. Pembina has entered into a long-term tolling agreement with AltaGas for 30,000 barrels per day (“bpd”) of liquified petroleum gases ("LPG") export capacity at Alt.

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