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Marathon mulls combining its Permian crude pipeline with Plains/ExxonMobil joint venture

New York — Marathon Petroleum said Tuesday it is in "exploratory discussions" with ExxonMobil and Plains All American to "combine efforts" for a Permian-to-US Gulf Coast crude pipeline in the interest of capital efficiency while reducing the risk of pipeline overbuild.

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Marathon's head of Andeavor Logistics, Don Sorensen, said on the company's analyst day webcast that Marathon is still pursuing a parallel path for its own Permian Gulf Coast pipeline.

Marathon's MPLX has a stake in the PCG, along with Delek, Energy Transfer Partners and Magellan, which is expected in-service in the fourth quarter of 2020. The line is expected to run from Midland, Texas, to Nederland, Texas, on the US Gulf Coast.

ExxonMobil and Plains in June joined forces to build a 1 million b/d pipeline to deliver crude and condensates from multiple Permian Basin locations to the Texas Gulf Coast by late 2020 or early 2021. -- Janet McGurty, janet.mcgurty@spglobal.com

-- Edited by Annie Siebert, newsdesk@spglobal.com