Japanese conglomerate Mitsubishi is deepening its bet on U.S. natural gas, with demand rising because of liquified natural gas (LNG) exports and the artificial intelligence (AI) boom.

In a $7.5 billion deal finalized Wednesday, Mitsubishi acquired assets of Dallas-based Aethon Energy, the country’s largest privately held energy producer focused exclusively on natural gas, according to Fortune Magazine.

The company is particularly focused on the Haynesville Shale, a gas-producing region in northern Louisiana and eastern Texas that is relatively close to LNG export sites along the Gulf Coast.

In addition to the explosive growth of LNG exports, the U.S. is also expecting demand for gas to increase to fuel a wave of power plants for data centers for AI.