Gas Prices Surge
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Qatar has suspended liquefied natural gas (LNG) production after two Iranian drones struck energy facilities operated by state-owned QatarEnergy.
Qatar supplies 20 percent of the world’s LNG. If that’s off the table, countries must scramble for the remaining gas.
US liquefied natural gas exporters stand to gain from supply disruptions amid the war with Iran, but the benefits may be tempered by the fact that American producers are already near maximum capacity for shipping cargoes of the fuel.
The U.S. is the world’s largest exporter of liquefied natural gas, and one relatively obscure U.S. company seems ready to reap the benefits of a surge in global natural-gas prices following the U.S. and Israel’s attacks on Iran and the widening conflict in the Middle East.