ONEOK and MPLX to build LPG export terminal, pipeline in Texas
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ONEOK and MPLX LP have announced a joint venture to build a 400,000-barrel per day LPG export terminal in Texas, with a total investment of $1.4 billion.
February 04, 2025 | 1:00 pm
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POSITIVE IMPACT
MPLX LP is collaborating with ONEOK to develop a major LPG export terminal in Texas, which could strengthen its market position and financial performance.
The partnership with ONEOK to construct a 400,000 bpd LPG export terminal is a significant development for MPLX LP, likely to boost its market position and financial outlook, positively impacting its stock.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
ONEOK is partnering with MPLX LP to construct a significant LPG export terminal in Texas, which could enhance its asset base and revenue potential.
The joint venture with MPLX LP to build a large-scale LPG export terminal represents a strategic expansion for ONEOK, likely to positively impact its stock due to increased asset base and potential revenue growth.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80