The US pipeline operator ONEOK and the midstream company MPLX have created a joint-venture to build a 400,000 bbl/d LPG export terminal in Texas City, Texas (United States) for a total cost of US$1.4bn. The terminal project, which is expected to be completed in early 2028, will be owned by the two companies on a 50:50 basis, and will be built and operated by MPLX. ONEOK will construct and run a pipeline from its storage facility in Mont Belvieu, Texas, to the new export terminal; MBTC Pipeline, the pipeline joint venture, will be owned 80% by ONEOK and 20% by MPLX.
Coincidentally, Enterprise Products Partners has announced that it has not received enough customer interest to launch its 2 mb/d Sea Port Oil Terminal (SPOT) crude export project off the coast of Texas. The project, which consists of a deepwater port that could load two super tankers, received a license from the US maritime regulator in 2022.