The Natural Gas Gamble: Hyperscalers' Folly in a Carbon Conscious World Hyperscalers like Amazon, Google, and Microsoft have recently announced plans to build massive natural gas power plants to fuel their AI ambitions.
However, a new forecast from Noreva suggests that the trend of stable natural gas prices may be short lived. According to Peter Gardett, CEO of Noreva, simple arithmetic reveals a tightening gas market.
Declining supply growth and rising exports of liquefied natural gas (LNG) could lead to a tripling of prices in certain regions. As of writing, natural gas prices range from $2 to $4. 50 per million BTUs.