Institute questions whether facility will deliver the promised economic impact.
MPLX LP said May 5 it is no longer pursuing a Permian Basin to Gulf Coast NGL pipeline, called BANGL, after a collapse in oil prices.
The gloomy forecast will falter if COVID-19 passes quickly and the global economy recovers its appetite for hydrocarbons.
NGL price collapse deprives oil and gas producers who leaned on associated liquids when crude struggled.
Aftershocks of Market Meltdown Monday continue, with collapsing oil prices dragging down NGL and complicating export markets.
Hypothetical barrel tumbles to four-year low with tightly squeezed margins.
Volatile global crude markets weigh down the rest of oil and gas commodities.
As COVID-19 spreads, NGL exports are diverted and warnings sting already-weak prices.
U.S. shale oil drillers could scale back investment in production more quickly than previously expected this year after prices slid for what had been a lucrative by-product.
NGL prices rebound despite coronavirus worries.