Who owns the NGL?

Can you clarify for me who exactly owns the NGL? Is it a centralized entity or is it decentralized among multiple holders? If it's decentralized, what are the rules or mechanisms in place to ensure fair distribution and prevent any single entity from gaining too much control? Additionally, are there any regulations or laws that govern ownership and trading of the NGL, and what are the implications for investors looking to acquire or hold the asset? It would be great to have a clear understanding of the ownership structure and any potential risks or benefits associated with owning the NGL.