AI isn’t just constrained by chips—it’s constrained by power.
Gas now fuels 40% of data-center demand, turning a once-cyclical commodity into AI’s core bottleneck.
Up +45% YoY, natural gas offers a high-reward, low-risk way to play the AI boom.
Source: Chevron
Key Report Insights:
Gas Rerates: +46.7% YoY—AI power demand overrides seasonality
Export Squeeze: U.S. LNG capacity to double by 2029
AI Grid Shock: Data centers source 40% of electricity from gas
Industrial Confirmation: $7.8B turbine orders (+50% YoY) lock in demand
Regional Flywheel: Appalachia’s gas meets Virginia’s data clusters
We recently added natural gas to our portfolio—now +40% vs BTC since July.