Butane has a number of applications but is primarily blended into gasoline.
Details on ONEOK and MPLX’s NGL Export Facility and Pipeline
The export terminal joint venture, named Texas City Logistics LLC (TCX), is owned 50% by ONEOK and 50% by MPLX, according to the statement. Furthermore, MPLX is constructing and operating the facility, with the project expected to be completed in early 2028.
The pipeline joint venture, MBTC Pipeline LLC, is owned 80% by ONEOK and 20% by MPLX. ONEOK is constructing and operating the pipeline.
ONEOK’s and MPLX’s share of the total investment in the export terminal is expected to be approximately $700 million each, totaling $1.4 billion. Additionally, ONEOK’s and MPLX’s share of the total investment in the pipeline are expected to be approximately $280 million and $70 million, respectively, for a total of $350 million, according to the statement.
Investors can get exposure to ONEOK and MPLX, as well as other midstream companies, with the Alerian Energy Infrastructure ETF (ENFR).
ENFR tracks the Alerian Midstream Energy Select Index (AMEI). The index is a composite of North American energy infrastructure companies, which includes MLPs and C-corps. AMEI is yielding 5.2% as of February 4.
For more news, information, and analysis, visit the Energy Infrastructure Channel.
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