Energy Transfer’s Oasis Pipeline will provide as much as 450,000 million British thermal units per day of natural gas to supply CloudBurst’s data center campus.

Under the agreement, Energy Transfer will supply CloudBurst’s data center in San Marcos with up to 450,000 metric million British thermal units (MMBtu) of firm natural gas per day. MMBtu is a unit used to measure heat content or energy value.

Energy Transfer will provide up to 450,000 million British thermal units per day of firm natural gas through its Oasis Pipeline to CloudBurst's campus outside of San Marcos, Texas, contingent upon the data center operator reaching a final investment decision (FID) with its customer.

We recently compiled a list of the 10 AI News and Ratings You Should Take a Look At. In this article, we are going to take a look at where Energy Transfer LP (NYSE:ET) stands against the other AI stocks.

Midstream company Energy Transfer’s executives say they’re working on more than 100 deals for gas-powered generation projects.

Artificial intelligence (AI) requires a tremendous amount of electricity to power the specialized chips needed to run this technology. Because of that, many forecasters expect that natural gas demand will accelerate in the coming years as companies build more power plants to support AI data centers.

The data center project, proposed on a 200-acre site in south San Marcos, could be operational sometime in 2026.

Energy Transfer enters into long-term natural gas supply agreement with CloudBurst Data Centers, its first commercial arrangement to supply natural gas directly to a data center.

Energy Transfer LP has announced that it has entered into a long-term agreement with Denver-based CloudBurst Data Centers, Inc. to provide natural gas to CloudBurst’s flagship AI-focused data centre development in Central Texas.