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Pipeline Billionaire Ready for Next Round of Deal Making: Energy

Kelcy Warren, the billionaire running the third-largest U.S. natural gas pipeline company, says the days of deal making are returning.

Railroads and competing pipeline operators are taking market share, leaving networks with smaller regions and struggling to find business. To survive, companies need a geographically diverse portfolio of assets across an array of oil and gas products that can weather slowdowns in individual sectors or regions, Warren, chairman and chief executive officer of Energy Transfer Partners LP, said in an interview.