AI could drive a natural gas boom as power companies face surging electricity demand

Natural gas producers anticipate a significant demand increase driven by the energy needs of artificial intelligence and data centers. With electricity demand projected to rise by 20% by 2030, power companies are considering natural gas as a crucial energy source during periods when renewable sources fall short. This surge in demand is particularly notable in sectors like AI data centers, expected to significantly boost U.S. electricity consumption. The reliance on natural gas is seen as essential for meeting these new electricity demands, despite the push for renewable energy sources.