AI could drive a natural gas boom as power companies face surging electricity demand
Publishing timestamp: 2024-05-05 12:00:51
Summary
Natural gas producers are bullish on demand due to the energy needs of artificial intelligence and data centers. Power companies are planning for a significant spike in demand over the next decade, with natural gas expected to play a crucial role in meeting the increasing electricity consumption driven by AI. However, the reliance on natural gas is likely to face opposition from environmental groups.
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