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US pipeline operators are racing to expand their capacity to help power new data centers.
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Energy Transfer LP is developing pipeline projects to meet rising demand for gas-fired electricity, Co-Chief Executive Officer Thomas Long said during a call with analysts on Tuesday. The company expects to announce more details in coming months.
Meanwhile, Williams Cos. has more than $2 billion available in its Power Innovation unit to fund near-term investments, Chief Financial Officer John Porter told investors.
The companies that artificial intelligence developers are counting on to electrify digital warehouses appear undaunted by concerns about order backlogs for gas turbines and permitting delays.
“We’re just not seeing the slowdown,” said Adam Arthur, an executive vice president at Energy Transfer.
The bullish outlooks come a day after Williams agreed to purchase Momentum Midstream in a $5.5 billion deal that will expand the pipeline titan’s presence in data-center power generation and US gas exports.
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Oneok Inc., for its part, announced an agreement to supply gas to an unidentified power plant and said more AI-related deals are in the works.
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