MPLX, Marathon Petroleum, Energy Transfer: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

PIPELINES
MPLX Pipeline Throughput Rises - Pipeline operator MPLX LP's (NYSE:MPLX) (Findlay, Ohio) total pipeline throughputs were 5.3 million barrels per day in the first quarter of 2022, 4% higher than the same quarter last year. (Reuters)

LNG
Energy Transfer to Supply LNG to South Korea's SK Gas - Energy Transfer LP (NYSE:ET) (Houston, Texas) said on Tuesday it will supply 400,000 metric tons of liquefied natural gas (LNG) per year to South Korea's SK Gas Trading LLC (Gyeonggi) for 18 years. Energy Transfer said first deliveries are expected to begin in 2026 from its Lake Charles export facility in Louisiana. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here the detailed project report. (Reuters)

EARNINGS REPORTS
Marathon Petroleum Boosts Earnings on Higher Margins - Marathon Petroleum Corporation (NYSE:MPC) (Findaly, Ohio) reported net first-quarter 2022 earnings of $845 million, compared with a net loss of $242 million a year earlier. Marathon said its refining and marketing margins jumped nearly 51% to $15.31 per barrel in the quarter ended March 31. The refining and marketing segment's profit from operations stood at $768 million, compared with a loss of $598 million last year. (Reuters)

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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
Industrial Info Resources (IIR) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.