FINWIRES · TerminalLIVE
FINWIRES

China AI Boom to Quadruple Data-Centre Power Demand to 774 TWh by 2030, Wood Mackenzie Says

By

China's AI boom could quadruple data-center electricity consumption to 774 terawatt-hours by 2030, while reshaping where computing capacity is concentrated, Wood Mackenzie said in a note on Tuesday.

Wood Mackenzie expects data centers to account for 17% of China's total electricity consumption by 2060 as AI workloads drive sustained growth in computing-related power demand.

"As AI drives sustained growth in computing demand, access to reliable, cost-competitive and lower-carbon electricity will play a growing role in determining where and how new data-center capacity is developed," said Wanting Zhao, research analyst at Wood Mackenzie.

AI training is pushing operators toward more energy-intensive infrastructure, while the rapid expansion of AI inference is creating a larger base of ongoing electricity demand.

China's government is linking computing expansion with green power through the 15th Five-Year Plan and promoting "compute-power synergy."

Data centers have historically clustered around major cities and technology hubs to reach customers, skilled workers, network infrastructure and low-latency connections.

AI growth is now making reliable, affordable and lower-carbon power increasingly important, the note said.

That shift could move latency-tolerant workloads to western China, where abundant land and growing renewable capacity support AI training, batch processing and data storage.

Eastern hubs should retain latency-sensitive workloads such as AI inference and financial services, while western regions attract more power-intensive computing.

Wood Mackenzie expects eight national hubs to anchor China's computing capacity through 2060, with renewable-rich regions gaining capacity as grid constraints persist.

Battery storage, new power systems and smart workload scheduling could let data centers shift non-urgent computing to periods of abundant renewable power or lower prices, the note said.

Wood Mackenzie expects data-center demand for green electricity to rise through 2060, while emissions could peak by 2035 as renewables expand.

Zhao said the shift toward compute-power synergy will require more than grid expansion, with data security and service-level agreement concerns complicating cross-regional workload migration.

He said operators and tenants must also participate more actively, while targeted measures should ease the heavy initial investment burden.

"The direction of travel is clear: computing is beginning to follow power, but our commercial, security, and institutional architectures must urgently evolve to make this commercially viable," Zhao said.

Related Articles

Commodities

Update: Market Chatter: Cheniere's Corpus Christi LNG Plant Sees Lower Gas Flows During Maintenance

(Updates with Cheniere's comments in the 4th paragraph.)Cheniere Energy's (LNG) Corpus Christi LNG export plant in Texas continued to see reduced natural gas demand on Monday as planned maintenance work continued, Reuters reported, citing preliminary data from LSEG.The facility was reportedly on track to consume about 1.8 billion cubic feet per day of natural gas, below its typical intake of around 2.6 Bcf/d.Feedgas deliveries to US LNG export plants totaled about 16.7 Bcf/d on Monday, below national capacity of nearly 18 Bcf/d, Reuters said.In an emailed response to, a Cheniere spokesperson confirmed that Corpus Christi Liquefaction has been undergoing planned maintenance activities but declined to comment on timing and the units involved.(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.)

$LNG
Commodities

Market Chatter: Lukoil's Perm Refinery Faces 2nd Unit Outage After Ukraine Drone Strike

A Ukrainian drone strike on Friday forced Lukoil's Perm refinery to suspend operations after the attack ignited a fire and damaged processing equipment, Reuters reported Monday, citing two industry sources.The CDU-4 unit can process 14,000 metric tons of oil daily and accounts for almost 40% of capacity, while preliminary estimates put repairs at one to two weeks, sources said.Ukrainian President Volodymyr Zelenskyy said Friday that Ukraine's forces carried out a strike on the Perm refinery, the report said.Another refining unit, CDU-5, representing 34% of capacity, has remained offline since a July 29 drone strike, according to the report. Lukoil did not immediately reply to' request for comment.(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.)

Commodities

US Natural Gas Update: Futures Ease as Ample Supply Offsets Hotter Weather Forecasts

US natural gas futures prices softened in after-hours trading Monday as ample supply and mixed weather forecasts outweighed hotter conditions expected in parts of the Midwest and Northeast.The front-month Henry Hub contract fell 0.69% to $2.754 per million British thermal units, while the continuous contract declined 0.14% to $2.807/MMBtu.Natural gas prices weakened during Monday's session despite warmer forecasts for the Northeast and Midwest, as cooler revisions elsewhere across the Lower 48 limited the impact of the bullish weather outlook.Aegis Hedging said weekend weather-model changes were mixed, with forecasts turning warmer across the Northeast and Midwest but cooler across much of the rest of the Lower 48. The most significant shift was in the Midwest, where temperatures increased by more than 20 degrees Fahrenheit across the forecast period.Overall, near-term cooling demand is expected to ease, with cooling degree days around 12 this week, according to Criterion. Demand is forecast to strengthen next week, when CDDs are expected to climb above 13, Aegis said.Supply provided additional pressure on prices. Lower 48 production fell to 111.4 Bcf/d on Monday, according to Gelber & Associates, lending some underlying support to the market, though the decline could prove temporary.LNG feedgas demand stood at 17.8 Bcf/d, with flows constrained by the slow ramp-up at Golden Pass and ongoing maintenance at Freeport LNG and Cheniere Energy's Corpus Christi facility.