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Venture Global’s 10-Gigawatt AI Gamble: Genius Or Overreach?

Venture Global, one of America’s largest liquefied natural gas exporters, is making an unexpected move into the artificial intelligence boom, with plans to develop gas-fired electricity infrastructure capable of supporting up to 10 gigawatts of computing capacity. The company has entered into equipment agreements with GE Vernova (NYSE:GEV) and Baker Hughes (NASDAQ:BKR), potentially positioning itself as a major independent electricity supplier to AI data centers. The expansion could eventually involve approximately $17.2 billion in equipment-related payments if all contemplated orders proceed, although the company retains flexibility over future purchases. Venture Global already has approximately 4.5 gigawatts of power generation operating, under construction, or on order for its LNG facilities, providing an established foundation for its latest ambitions. With AI developers increasingly struggling to secure reliable electricity, the opportunity could extend Venture Global’s business beyond gas exports.