Ann: March 2023 Quarterly Activities and Cash Flow Report, page-33

NorthEast BC and liquids/condensate is the place to be...Pembina pipelines Q1 report

Pembina’s business resiliency is being enhanced as it builds on the strengths of its core business in support of one of North America’s premier basins, the WCSB. Basin growth is being underpinned by strong liquids prices combined with financially well-positioned and capable producers. Longer term, the industry is readying itself to capitalize on new egress options including LNG development on Canada’s West Coast and the Trans Mountain pipeline expansion, and a continued build-out of Alberta’s petrochemical industry. Given these developments, Pembina continues to have an expectation of growing volumes across the WCSB, including most notably the northeast British Columbia (“NEBC”) Montney formation, where certain large producers continue to signal the potential for significant, visible, multi-year growth.

Given ongoing customer discussions in light of growing volumes in NEBC, Pembina continues to engineer and develop additional NEBC system infrastructure, including new terminals, pump stations, and pipeline laterals needed to fulfill customer requests in a timely manner.