Kinder Morgan Pins Optimism on Rising Data Center Electricity Demand for Boost in Natural Gas Needs
Wednesday, 17 July 2024, 22:25
Kinder Morgan Expects Surge in Natural Gas Demand
Kinder Morgan reported a Q2 miss but remains bullish on the uptick in natural gas demand fueled by data center-driven electricity consumption.
AI Operations and Data Centers Driving Growth
Kinder Morgan stated that AI operations and data centers are poised to propel the demand for natural gas, emphasizing its reliability over other renewable sources.
Significant Power Demand Opportunities
- The company is in commercial discussions on over 5 billion cubic feet per day (bcf/d) of opportunities related to power demand.
- This includes the 1.6 of data center demand, indicating a promising future for natural gas usage.
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