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.

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.

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

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 -1.39%) 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. Here's a look at the deal and the company's gas-fueled growth potential.

Texas-based oil and gas major Energy Transfer said the company has entered into a long-term agreement with Colorado-based CloudBurst Data Centers for the energy supply to serve a data center […]

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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.

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