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Apollo Buys Into Pembina JV, Eyes Natural Gas Growth in Western Canada

Natural Gas Intelligence · last updated

Apollo Global Management Inc. has agreed to take a 40% stake in one of the largest natural gas midstream companies in Western Canada as growth continues in the region ahead of an LNG export boom.

Chart of Western Canada natural gas production outlook showing output rising from about 14 Bcf/d in 2024 to nearly 19 Bcf/d in 2030 and around 23 Bcf/d by 2040. Growth is driven by BC Montney, AB Montney, Deep Basin, and Duvernay plays.

At A Glance:

  • KKR exits stake
  • Deal expected to close in 2Q2026
  • LNG buildout lifting NatGas production