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.

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.

U.S. pipeline operator Energy Transfer on Monday entered into a long-term natural gas supply agreement with private, Denver-based company CloudBurst Data Centers for its development in Central Texas.

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.

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.

As a leading natural gas pipeline operator, Energy Transfer ( ET 0.80%) is in an excellent position to capitalize on the expected AI-powered surge in gas demand. The company recently took its first step to cash in on growing gas demand from data centers.