Market Chatter: Osaka Gas Eyes Up to Five US Gas Plants Amid Surging AI-Driven Power Demand

MT Newswires Live04-06 08:19

Osaka Gas (TYO:9532) explores investing in or operating as many as five gas-fired power stations in the US, with Texas, Virginia, and the northeast under consideration, Bloomberg News reported Friday, citing a company official.

No final decisions have been reached yet, but the move comes as rising electricity demand from AI and data centers pushes tech companies toward reliable gas-powered generation, the newswire said.

Fujiwara had signaled in November a desire to increase US investments in such plants, separate from a previously announced $33 billion Ohio gas project tied to a US-Japan trade deal involving at least 13 Japanese firms, the publication said.

According to the spokesperson, this latest initiative is not connected to that bilateral trade agreement, the report said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment