Pipeline companies draw attention amid rising natural gas price outlook
WMB Williams Cos Inc
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View chart & analysis → - 1Growth in the cloud and artificial intelligence markets is driving up natural gas prices.
- 2More than 40% of power for US data centers is supplied by natural gas.
- 3Energy Transfer will complete the $2.6 billion acquisition of Vaquero Midstream by the end of this year.
So what's the key point?
As the artificial intelligence market grows, the price of natural gas needed to generate electricity is rising. Energy Transfer plans to expand its business by acquiring a related company.
Source The Motley Fool +1 · View original ↗
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