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MPLX LP buys full stake in BANGL pipeline for $715M, boosting natural gas liquids transport.
MPLX LP has agreed to buy the remaining 55% stake in BANGL, LLC for $715 million, acquiring full ownership of the NGL pipeline system.
This move supports MPLX's strategy in natural gas liquids transportation, enhancing its growth potential.
The BANGL pipeline, currently transporting up to 250,000 barrels daily, is expanding to 300,000 barrels with expected completion by mid-2026.
The acquisition, set to close in July 2025, will boost MPLX's earnings and is expected to generate significant returns.
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MPLX LP compra plena participación en el gasoducto BANGL por $715M, impulsando el transporte de líquidos de gas natural.