The Globe and Mail reports in its Thursday, April 9, edition that the Competition Bureau says it has secured a court order to collect information regarding Keyera's planned acquisition of the Canadian natural gas liquids division of United States company Plains.
A Canadian Press dispatch to The Globe reports that the watchdog said it is examining whether the proposed $5.15-billion deal would likely lead to "a substantial lessening or prevention of competition in the Canadian oil and gas industry."
The bureau is also evaluating whether to impose more barriers on rivals and new market entrants.
The Federal Court order requires Inter Pipeline to produce records and information relevant to the bureau's probe.
Last week, Keyera revealed the Plains deal had been taking longer than anticipated as it continued advancing through the regulatory process. The transaction is slated to close in May rather than the end of the first quarter.
The assets to be acquired in the deal, which was announced in June, 2025, include 193,000 barrels a day of "fractionation capacity," where gas and liquids are separated, as well as 23 million barrels of storage capacity and more than 2,400 kilometres of pipeline infrastructure.
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