---
title: "A 'knife fight' is coming as AI boom creates a natural gas crisis"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293645749.md"
description: "Matthew Smith warns of a potential U.S. natural gas shortage by 2028, driven by LNG export growth consuming most production increases. Rising energy costs, already 10% of AI compute expenses, could reach 30% if prices double, threatening hyperscaler profit margins."
datetime: "2026-07-23T16:25:48.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293645749.md)
  - [en](https://longbridge.com/en/news/293645749.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293645749.md)
generator: "portal-rs"
---

# A 'knife fight' is coming as AI boom creates a natural gas crisis

Quick ReadMatthew Smith warns a structural U.S. natural gas shortage could emerge by 2028, as LNG export growth consumes most of the projected 20 Bcf/day production increase.Energy already makes up 10% of AI compute costs but could hit 30% if natural gas prices double, threatening hyperscaler profit margins.Natural gas producers, nuclear generators...

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**