The Globe and Mail reports in its Friday edition that New York-based Apollo Global Management is buying a 40-per-cent stake in Pembina Gas Infrastructure Inc., a gas processing company co-owned by Pembina Pipeline, from funds managed by KKR & Co. The deal announced Thursday will see funds run by Apollo take over New York-based KKR's stake for an undisclosed sum, while Pembina Pipeline will stay on as the majority partner, keeping its 60-per-cent ownership share. The mid-stream gas sector was not in vogue for years, but it is experiencing a renaissance as demand for liquefied natural gas has surged. Driving that new demand are the need for natural-gas-fired electricity to power data centres that run artificial-intelligence models, efforts to revive manufacturing and concerns about energy security. Investors see room for further growth in the industry and, when combined with a more supportive policy from the current government in Ottawa toward developing energy resources and infrastructure, that has spurred more interest in Canadian assets. Scott Browning, a partner in Apollo's infrastructure group, said Canada is "a low-cost, low-risk jurisdiction that's really just starting to grow into an LNG exporter."