Energy Transfer LP (NYSE:ET) is among the 10 Best Natural Gas Stocks to Buy Right Now. The company announced the suspension of its Lake Charles LNG export facility in Louisiana due to fears of a supply glut. Energy Transfer plans to focus on natural gas pipelines, increasing capacity to meet regional growth demands.

Energy Transfer LP (NYSE:ET) will halt the development of its Lake Charles LNG facility to focus on natural gas pipelines. The company sees itself as a pipeline operator rather than an LNG-focused company, especially with lower LNG prices squeezing margins. The Transwestern pipeline expansion project cost has increased to $5.6 billion from $5.3 billion.

Energy Transfer LP (NYSE:ET) is increasing the transportation capacity of its Transwestern pipeline expansion project to meet regional growth demands. The company will raise the diameter of the main pipeline from 42 to 48 inches, increasing capacity to 2.3 billion cf/day. Energy Transfer also benefits from agreements with hyperscalers for natural gas supply to data centers.

Energy Transfer LP (NYSE:ET) continues to benefit from rising energy demand amidst the AI boom. While acknowledging the potential of ET as an investment, some AI stocks may offer greater upside potential with less downside risk. For an undervalued AI stock that benefits from tariffs and onshoring trends, see the report on the best short-term AI stock.

Read more at Yahoo Finance: Energy Transfer (ET) Halts the Development of Lake Charles LNG Facility