Data Centers Expected to Drive $10 Billion Investment in Indonesia

EQT Corporation, the second-largest natural gas producer in the U.S., reported producing 605 Bcfe of natural gas in the fourth quarter of 2024, despite curtailing some output. The company is in discussions to secure contracts for gas supply to data centers by the end of 2025, highlighting a growing synergy between energy production and data center operations. Digital Realty also experienced significant growth in 2024, driven by increased demand for data center capacity amid the AI boom, reporting revenues of $1.4 billion in Q4. The company noted that 30% of its new megawatt commitments were AI-related, indicating strong market trends in AI infrastructure development. Despite potential competition from new AI models like DeepSeek, Digital Realty's CEO expressed confidence in sustained demand from their major customers. Overall, the data center sector is thriving, with projections indicating continued growth fueled by advancements in AI and energy supply agreements.