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    <title>Midstream on Metal Pilot Blog</title>
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    <description>Recent content in Midstream on Metal Pilot Blog</description>
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    <copyright>Copyright © 2026, Metal Pilot</copyright>
    <lastBuildDate>Thu, 30 Jul 2026 18:00:00 +0200</lastBuildDate>
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      <title>The Oil &amp; Gas Value Chain, Part 2: Midstream (2026)</title>
      <link>https://blog.metalpilot.com/guides/midstream-oil-gas/</link>
      <pubDate>Thu, 30 Jul 2026 18:00:00 +0200</pubDate>
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      <description>&lt;blockquote&gt;&#xA;&lt;p&gt;&lt;strong&gt;Data as of 8 September 2026.&lt;/strong&gt; The framework — what midstream owns, how a toll is earned and how to screen an owner — is evergreen. Capacities, mileages and throughputs are agency and company figures for their stated reporting year, dated segment by segment because pipeline data lags by about a year; tariffs and spreads are periods or averages, never a single day&amp;rsquo;s print. The screening example in Section 5.2 is a &lt;strong&gt;hypothetical illustration&lt;/strong&gt;. This report is for information only and was prepared with AI assistance — see the disclaimer at the end.&lt;/p&gt;</description>
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