Strong Demand Forecast for Natural Gas

Surging Energy Needs Drive Higher Growth Forecast

TC Energy Corp. has raised its North American natural gas demand forecast, identifying the rapid expansion of data centres as a major catalyst. The company now projects demand will expand by 51 billion cubic feet per day (bcf/d) from 2025 to 2035. This marks a notable increase from its late-2024 projection of 40 bcf/d and its February 2026 forecast of 46 bcf/d.

Infrastructure and Regional Expansion

TC Energy CEO François Poirier reported that nearly 70% of the projected demand growth is located in Alberta, the U.S. heartland, and Mexico—regions where the company holds a strong infrastructure presence. Data centres powering artificial intelligence and advanced tech require massive electricity supplies and are increasingly turning to natural gas-fired generation. In Alberta, where the provincial government is actively seeking tech investment, developers are moving ahead with projects that supply their own power to prevent overburdening the public grid.

Network Expansion and Q2 Earnings Growth

To meet rising needs, TC Energy is evaluating several network expansion initiatives. High demand for new gas shipping services was recently recorded in the Greater Edmonton Area. Additionally, the company is weighing a 1.5 bcf/d expansion of its Crossroads project across Indiana and Ohio, where expressions of interest surpassed initial capacity by 2.5 times. Alongside its operational forecast, TC Energy announced strong second-quarter financial results for 2026, with net income growing to $987 million up from $833 million during the same period last year.