Energy companies are investing $50 billion in the U.S. pipeline infrastructure to meet rising demand for natural gas, driven by record LNG exports and growing electricity needs from data centers. Kinder Morgan, which transports 40% of the country's natural gas, has a $9.3 billion project backlog and plans to spend up to $3 billion in growth capital over the next few years. "It's one of the best opportunity sets in our lifetimes, in our careers," said Chief Financial Officer David Michels.