MPLX Invests in Gas and NGL Value Chain While Maintaining Crude and Refined Product Operations
MPLX is focused on building out its natural gas gathering and processing operations, namely in the Permian. Crucial to the strategy is developing a full value chain for shippers, from well-to-water on the Gulf Coast. To achieve this, MPLX has made several acquisitions and is developing a marine export terminal with Oneok through a joint venture. We agree with the strategy broadly, and the policy of projects being substantially contracted before proceeding with investment does much to secure returns.
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