Big Tech is spending hundreds of billions of dollars to build out the energy-hungry infrastructure of AI, and many are turning to “behind-the-meter” solutions to get things up and running as quickly as possible.
New analysis by S&P Global Commodity Insights shows U.S. natural gas companies are catching up to oil companies in their valuations amid demand growth from AI and foreign importers of liquefied natural gas.
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Known as LNG, much of it is headed to Europe and other parts of the world in amounts expected to double over the next five years, according to S&P Global.