U.S. natural gas producers are preparing for stronger demand and higher prices for their product as data center proliferation accelerates further and years of depressed gas prices become a thing of the past
. They are not letting it all happen by itself eithergas executives are in talks with data center developers to build them where the gas is. 'Expectation of a step change in power demand has created opportunities for increasing dialogue around the potential for power generation and data projects within the Permian Basin,' the co-chief executive of Permian Resources said recently, as quoted by Reuters.
What all this means is what many analysts have been forecasting the AI race will be powered by natural gas, and not wind and solar. The reason is simple enough natural gas supply is more reliable than the supply of weather-dependent energy sources. Interestingly, the EIA does not seem to care about AI electricity needs.
U.S. Gas Demand Data Centers AI Haynesville Permian
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