On August 28, 2024, the American oil and gas company ONEOK announced that it was acquiring stakes in EnLink Midstream and Medallion Midstream, market leaders in gas storage and trading. Both transactions are expected to be completed by the end of 2024, with a total value of $5.9 billion.
The closing of ONEOK’s agreement with EnLink Midstream and Medallion Midstream during the change of the Oval Office reflects the US strategy to strengthen and consolidate the US energy system.
The rhetoric surrounding the oil and gas sector is becoming an important factor influencing Americans’ electoral choices. According to polls, as of May 2024, almost 70% of voters favor increasing natural gas production.
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