Pembina Pipeline and KKR Joint Venture to merge with Energy Transfer Canada, a gas processor providing midstream solutions, in a $11.4bn deal. "We work well together and share a mutual desire to invest capital and generate attractive returns. The formation of this new joint venture is a natural extension of our relationship, unlocks value for Pembina and creates another growth platform. We are extremely pleased to be creating this exciting new company with KKR to drive real synergies and deliver a wider suite of commercial opportunities," Scott Burrows, Pembina's President and CEO.