Major shift in Energy Transfer's capital allocation strategy. Billionaire Kelcy Warren's company is pumping the brakes on its Louisiana liquefied natural gas export initiative—a notable reversal that signals where the real money's going. Instead, the company's zeroing in on pipeline infrastructure development and expansion. The move raises interesting questions about project ROI timelines, market conditions, and whether the LNG export space is losing appeal compared to core pipeline operations. It's the kind of strategic recalibration that typically reflects shifts in energy demand forecasting, regulatory headwinds, or simply recalculating where capital generates better returns in the current cycle.