AI Data Centers Pull Gas Pipeline and Turbine Orders Higher
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NEW YORK – October 29, 2026 -- Baker Hughes booked an order for 34 Frame 5 and nine NovaLT16 gas turbines, about 1.1 GW of capacity, for a major U.S. technology company's AI computing development. It was one of several gas-to-power deals reported between October 21 and October 27, while Henry Hub gas traded at $2.76 per MMBtu.
Cheap gas moves the bottleneck to turbines, pipelines and grid rules
The Henry Hub spot price was $2.76 per MMBtu on October 27, according to the U.S. Energy Information Administration (EIA). Working gas in storage stood 35 Bcf above the five-year average in the week ended October 16. U.S. gross withdrawals hit a record 137 Bcf/d in July 2026, driven mainly by Permian Basin output.