May 14 (Reuters) - Keyera Corp KEY.TO :
* SEMCAMS MIDSTREAM AND KEYERA TO BUILD CANADIAN LIQUIDS PIPELINE SYSTEM
* SEMCAMS MIDSTREAM - CONSTRUCTION SPENDING EXPECTED TO BEGIN IN SECOND HALF OF 2020
* SEMCAMS MIDSTREAM - CANADIAN LIQUIDS PIPELINE SYSTEM IT BUILDS WITH KEYERA REPLACES PREVIOUSLY ANNOUNCED MONTNEY TO MARKET (M2M) PIPELINE
* SEMCAMS MIDSTREAM - PIPELINE SYSTEM TO CONNECT MONTNEY, DUVERNAY AREAS OF NORTHWESTERN ALBERTA TO FRACTIONATION, CONDENSATE HUBS IN FORT SASKATCHEWAN,
* SEMCAMS MIDSTREAM - PROJECT SUPPORTED BY MULTIPLE LONG-TERM FIRM SERVICE AGREEMENTS, AVERAGING 14 YRS , REPRESENTING 60% OF INITIAL PIPELINE CAPACITY
* SEMCAMS MIDSTREAM - FIRM-SERVICE AGREEMENTS ARE UNDERPINNED BY 75 PERCENT TAKE-OR-PAY COMMITMENTS AS WELL AS SPECIFIC FACILITY AND AREA DEDICATIONS
* SEMCAMS MIDSTREAM - CURRENT SCOPE OF PROJECT INCLUDES A 16-INCH CONDENSATE PIPELINE AND A 12-INCH NGL PIPELINE
* SEMCAMS MIDSTREAM - CO, KEYERA EXPECT TO HAVE NINE GAS PLANTS OPERATING IN AREA BY 2022, WITH ACCESS TO ABOUT 2.25 BCF/D OF GAS PROCESSING
* SEMCAMS MIDSTREAM - TOTAL COST FOR CANADIAN LIQUIDS PIPELINE SYSTEM PROJECT IS ESTIMATED AT C$1.3 BILLION
* SEMCAMS MIDSTREAM-CO'S 50% PORTION OF CONSTRUCTION COST TO BE FINANCED WITH FUNDS FROM SEMGROUP, KKR GLOBAL INFRASTRUCTURE INVESTORS III, AMONG OTHERS