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The AI and data center boom is boosting demand for natural gas. As said on our third quarter earnings call by co-CEO Tom Long, Energy Transfer is poised to “to capitalize on the anticipated rise in natural gas demand for AI, data centers, natural gas power plants and industrial and onshore manufacturing for decades to come.”
Full excerpt:
We have had requests to connect to approximately 45 power plants that we do not currently serve in 11 states. In addition, we have had requests from over 40 prospective data centers in 10 states.
Given Energy Transfer’s extensive interstate and intrastate natural gas pipeline footprint, we are the best positioned to capitalize on the anticipated rise in natural gas demand for AI, data centers, natural gas power plants and industrial and onshore manufacturing for decades to come. We have never seen this level of activity from a demand pull standpoint, and these opportunities are truly spread across our natural gas footprint from Arizona to Florida and from Texas to Michigan.
We currently serve gas-fired power plants in 15 states with approximately 185 plants served via direct or indirect connections throughout these states and our opportunities have only increased since our last call.
Courtesy of Energy Transfer
Source: Energy Transfer
