Tulsa-based ONEOK said last week it agreed to form a joint venture with MPLX to construct a new large-scale LPG export terminal in Texas City and a new 24-inch pipeline from ONEOK’s storage facility in Mont Belvieu to the new terminal. Texas City Logistics, the new export terminal, will be owned 50 percent by each and is expected to be completed in early 2028. They will share equally in the project cost of $1.4 billion. Capacity is 400,000 barrels per day of loading throughput of low ethane propane and normal butane.
MBTC pipeline will be owned 80 percent by ONEOK and 20 percent by Houston-based MPLX. Project cost of $350 million will include $280 million from ONEOK and $70 million from MPLX.
Pierce H. Norton II, president and CEO of ONEOK, said Feb. 4, “We are excited to collaborate with MPLX on these strategically located projects that expand and extend our NGL value chain providing additional opportunity and value to our customers.”