Magellan Midstream Partners (MMP) CEO Aaron Milford said there are better growth opportunities in shipping natural gas as he ramps up a campaign to urge investors to support a $19B merger with Oneok (OKE), the Financial Times’ Myles McCormick reports, citing the CEO. He said the “opportunity to invest and grow” as a company focused on crude oil and refined products has become increasingly “challenging” following a construction boom over the past decade, but a combination with Oneok would establish a “more powerful growth engine” as energy transition leads to demand for gas at power plants and other sectors.
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