US data centers could consume more natural gas than Germany and Japan combined by 2035
Published . Updated .
The AI frenzy could push U.S. data centers to become one of the largest consumers of natural gas in the world.
Directly affected
- No company is named in this report.
Indirectly affected
- XOM Exxon Mobil
Oil producers earn more when crude prices rise
- CVX Chevron
Oil producers earn more when crude prices rise
- OXY Occidental Petroleum
Oil producers earn more when crude prices rise
- COP ConocoPhillips
Oil producers earn more when crude prices rise
- VLO Valero
Refiners' profits move with crude and fuel prices
- MPC Marathon Petroleum
Refiners' profits move with crude and fuel prices
- XOP SPDR S&P Oil & Gas Exploration
A fund of oil and gas producers
- XLE Energy Select Sector SPDR
A fund of energy companies
- USO United States Oil Fund
This fund moves with oil prices
- OIH VanEck Oil Services
Oilfield services rise when drilling follows oil prices
Price reaction, T-5 to T+3
The AI frenzy could push U.S. data centers to become one of the largest consumers of natural gas in the world.
Source: TechCrunch
The price since 15 Sep 2026: Natural Gas Services Group (NGS) versus the S&P 500
Since the first closing price after “US data centers could consume more natural gas than Germany and Japan combined by 2035,” Natural Gas Services Group (NGS) is -14.11%. The S&P 500 fund (SPY) is +1.66% over the same days, a -15.77% difference versus the market. energy stocks (XLE) is +5.85%, a -19.96% difference versus that group of stocks.
Disclosure records for Natural Gas Services Group (NGS) within two months of 15 Sep 2026
- Gilbert Cisneros buy Advanced Energy Industries (AEIS) ($1,001 - $15,000). That is 14 days after publication, inside 30 days. The filing is listed beside the story “US data centers could consume more natural gas than Germany and Japan combined by 2035.”
- Donald J Trump buy Aecom (ACM) ($1,001 - $15,000). That is 18 days before publication, inside 30 days. The filing is listed beside the story “US data centers could consume more natural gas than Germany and Japan combined by 2035.”
- Donald J Trump sell Aecom (ACM) ($1,001 - $15,000). That is 22 days before publication, inside 30 days. The filing is listed beside the story “US data centers could consume more natural gas than Germany and Japan combined by 2035.”
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Natural Gas Services Group (NGS) on one side of this energy story
Companies mentioned with this story
- NGS Natural Gas Services Group
In “US data centers could consume more natural gas than Germany and Japan combined by 2035,” Natural Gas Services Group (NGS) is linked, with no stored direction, medium confidence. Reason on file: GA selected NGS as a RELATED security because its canonical security name directly matches this event's themes: natural gas, natural. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- UNG United States Natural Gas Fund
United States Natural Gas Fund (UNG) is linked, with no stored direction, medium confidence in the 15 Sep 2026 story “US data centers could consume more natural gas than Germany and Japan combined by 2035.” Reason on file: Natural-gas or LNG supply changes can transmit through gas pricing and energy-sector cash flows
- XLE Select Sector Spdr Tr
Select Sector Spdr Tr (XLE) is linked, with no stored direction, medium confidence in the 15 Sep 2026 story “US data centers could consume more natural gas than Germany and Japan combined by 2035.” Reason on file: Natural-gas or LNG supply changes can transmit through gas pricing and energy-sector cash flows
- CBAT CBAK Energy Technology
CBAK Energy Technology (CBAT) is linked, with no stored direction, medium confidence in the 15 Sep 2026 story “US data centers could consume more natural gas than Germany and Japan combined by 2035.” Reason on file: GA selected CBAT as a RELATED security because its canonical security name directly matches this event's themes: technology, energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- SUPX SuperX AI Technology
In “US data centers could consume more natural gas than Germany and Japan combined by 2035,” SuperX AI Technology (SUPX) is linked, with no stored direction, medium confidence. Reason on file: GA selected SUPX as a RELATED security because its canonical security name directly matches this event's themes: technology, ai. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- ABAT American Battery Technology
In “US data centers could consume more natural gas than Germany and Japan combined by 2035,” American Battery Technology (ABAT) is linked, with no stored direction, medium confidence. Reason on file: GA selected ABAT as a RELATED security because its canonical security name directly matches this event's themes: technology. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- ACM Aecom
Aecom (ACM) is linked, with no stored direction, medium confidence in the 15 Sep 2026 story “US data centers could consume more natural gas than Germany and Japan combined by 2035.” Reason on file: GA selected ACM as a RELATED security because its canonical security name directly matches this event's themes: technology. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- AEIS Advanced Energy Industries
In “US data centers could consume more natural gas than Germany and Japan combined by 2035,” Advanced Energy Industries (AEIS) is linked, with no stored direction, medium confidence. Reason on file: GA selected AEIS as a RELATED security because its canonical security name directly matches this event's themes: energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Natural Gas Services Group (NGS) and the energy link
Natural Gas Services Group (NGS) is the company in “US data centers could consume more natural gas than Germany and Japan combined by 2035,” the 15 Sep 2026 Energy story.
For Natural Gas Services Group (NGS), the reason on file says GA selected NGS as a RELATED security because its canonical security name directly matches this event's themes: natural gas, natural. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
A second company, United States Natural Gas Fund (UNG), is listed for a different reason: Natural-gas or LNG supply changes can transmit through gas pricing and energy-sector cash flows
What this energy story puts on the calendar
NGS traded between 30.67 and 34.84 across 20 sessions. The latest close on file is 31.02. UNG traded between 10.14 and 11.66 across 20 sessions. The latest close on file is 10.47. XLE traded between 60.95 and 68.51 across 20 sessions. The latest close on file is 67.80.
How solid the energy case looks
46 out of 100
“US data centers could consume more natural gas than Germany and Japan combined by 2035” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.