News Brief

March 5, 2026

Liquified natural gas exporters could profit most from war with Iran

With Iranian strikes shutting down natural gas terminals in the Persian Gulf, U.S. natural gas exporters like Venture Global and Cheniere are seeing their stock price jump.

Qatar, one of the world’s top exporters of liquified natural gas (LNG), on Wednesday fully shut down its facilities used to liquify gas, with a restart expected to take week, according to Reuters. The decision came after Iranian strikes on Qatari industrial zones in Ras Laffan and Mesaieed Industrial City, according to Al Jazeera.

Venture Global’s CEO Mike Sabel said this week that his company is ready to help fill the supply gap left by Qatar’s shutdown. The company operates two LNG terminals in Louisiana, Calcasieu Pass and Plaquemines, and has the largest amount of LNG available to ship that is not already under contract, Sabel said.

U.S. LNG company Cheniere also saw its stock price 5 percent rise this week. The company operates LNG terminals in Cameron Parish, Louisiana, and Corpus Christi, Texas. Oil and gas majors such as ExxonMobil, Shell, and TotalEnergies stand to gain from gas from gas supply interruptions in the Middle East, according to the New York Times.

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