Keyera Closes $5.3B Canadian Natural Gas Liquids Acquisition: Employee Rights

What’s Happening at Keyera?

Keyera has completed its $5.3-billion acquisition of “substantially all” of Plains All American Pipeline L.P.’s Canadian natural gas liquids (NGL) business.

“The acquired assets are highly complementary to our existing platform and directly aligned with our strategy of strengthening and extending our integrated NGL value chain,” Dean Setoguchi, CEO of Keyera, said in a news release on May 12, 2026.

“The combined platform enhances connectivity across the basin and provides customers with improved access to markets, greater flexibility, and increased reliability.”

However, the Competition Bureau is weary of the acquisition and has applied to the Competition Tribunal to challenge it — alleging that the deal will likely harm energy producers and stifle investment.

Keyera disagrees with the regulator’s assertions and intends to respond through the Competition Tribunal process.

Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and SHOULD NOT be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.