The Competition Bureau has obtained a court order to gather information to advance its investigation into Keyera Corp's (Keyera) proposed acquisition of the Canadian natural gas liquids business of Plains All American Pipeline LP (Plains).
Both Keyera and Plains are important midstream oil & gas companies in Canada. They also transport, fractionate, store, and market natural gas liquids in Fort Saskatchewan, Alberta, including ethane, propane, butane, and condensate.
The Bureau is investigating whether the proposed transaction is likely to result in a substantial lessening or prevention of competition in the Canadian oil & gas industry. The Bureau is also assessing whether the transaction raises barriers for competitors and new market entrants or entrenches Keyera's competitive position in the energy infrastructure marketplace.
The Federal Court order requires Inter Pipeline Ltd, another player in the Canadian oil & gas industry, to produce records and information that are relevant to the Bureau's investigation.
