A system and method to prepare and dispense a N2 or N2/CO2 gas infused chilled beverage is provided. The gas infused beverage is obtained by mixing a beverage concentrate with N2 or N2/CO2 gas infused water under positive pressure and dispensing the prepared beverage through a slow pour faucet. The beverage may be any non-carbonated liquid and in one embodiment the beverage is coffee. The dispensed N2 or N2/CO2 gas infused chilled coffee has a unique appearance and enhanced flavor and aroma. The system may be provided as a self-contained unit.