U.S. natural gas producers and shippers could be one of the big winners of the latest advances in Artificial Intelligence
. The surge in data centers amid the booming AI technology development is set to lead to higher U.S. natural demand and prices by the end of the decade, according to investment bank Tudor, Pickering, Holt & Co. Natural Gas To Meet Some of Power Demand Spike Electricity demand to power the data centers is soaring and so is demand for grid connections.
“Notwithstanding the current low natural gas price environment, the future looks very bright for our Natural Gas Pipelines business segment,” the pipeline giant said in its Q1 earnings release. Kinder Morgan sees substantial growth in U.S. natural gas demand by 2030, led by more than a doubling of demand for LNG exports and a more than 50% increase in exports to Mexico.
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