Pipe looks old, bolts on flange look shiny and new. Conduit looks newer than the pipe. I am going to bet that the pipe is 'decorative'.
You might ask 'how could such a pipe be decorative'? I am thinking some sort of industrial space converted to some other use, such as an old mill converted to a museum, where a previously used pipe was left in place for the aesthetics.
I simply can't imagine an electrician wanting to do the extra work of cutting the pipe to put the conduit right there, and I can't imagine a pipefitter being so nuts as to cut the flange to put the pipe right there, unless the flange was of no real significance.
-Jon