Stalling Pipelines Threatens Natural Gas Supply for Data Center Surge, Execs Say

Natural Gas Intelligence · last updated June 11, 2025 – 6:51 AM

A decade ago, the natural gas market likened LNG buildout to a gold rush. Today, the same is being said for data centers.

Line chart showing NGI’s Northeast Regional Key Forward Basis Curves as of June 10, 2025, comparing natural gas forward prices for Algonquin Citygate, Iroquois Zone 2, and Transco Zone 6 NY. The chart highlights sharp winter price spikes for Algonquin and Iroquois peaking near $10/MMBtu in early 2026 and 2027, indicating strong seasonal demand and infrastructure constraints in the Northeast U.S. gas market. Source: NGI’s Forward Look.

There is a wide range of estimates regarding the amount of natural gas required for power generation to fuel these massive facilities.

Projections as high as 20 Bcf/d by 2030 have been touted, according to NRG Energy Inc.’s Rock Graham, manager of origination for the power generation company.

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