SEATTLE (Oil Monster): Energy Transfer on January 6 announced plans to invest between $5 billion and $5.5 billion in capital expenditures in 2026, with the majority of spending directed toward expanding its natural gas pipeline network. The strategy reflects the company’s growing focus on natural gas infrastructure, which it views as offering more attractive risk-adjusted returns compared with liquefied natural gas projects.
ALSO READ:
Bosnia, US eye pipeline to cut Russian gas dependency
U.S. Natural Gas Pipeline Exports to Mexico Hit New Record
Last month, Energy Transfer said it would prioritize natural gas pipeline developments and step back from LNG investments amid concerns about global oversupply. As part of that shift, the company suspended development of its proposed Lake Charles LNG export facility in Louisiana. At the same time, it expanded plans for its Transwestern pipeline in the Desert Southwest, increasing transportation capacity to meet rising customer demand.
The company said several projects are expected to ramp up or come online in 2026, including the Nederland Flexport NGL project, the Mustang Draw I and Mustang Draw II processing plants in the Permian Basin, and multiple natural gas pipelines serving data center facilities in Texas.
For 2025, the company expects capital spending of about $5 billion and adjusted EBITDA between $16.1 billion and $16.5 billion.
