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ONEOK Announces Joint Ventures with MPLX to Build LPG Export Terminal at Premier Location on U.S. Gulf Coast
OKEONEOK(OKE) Prnewswire·2025-02-04 19:42

Expands and Extends Integrated NGL Value Chain TULSA, Okla., Feb. 4, 2025 /PRNewswire/ -- ONEOK, Inc. (NYSE: OKE) and MPLX LP (NYSE: MPLX) have entered into definitive agreements to form joint ventures to construct a new large-scale 400,000-barrel per day (bpd) liquefied petroleum gas (LPG) export terminal in Texas City, Texas, and a new 24-inch pipeline from ONEOK's Mont Belvieu, Texas, storage facility to the new terminal. Texas City Logistics LLC (TCX), the export terminal joint venture, is owned 50% by ...