One big winner in War on Iran: US natural gas exporters. Big loser: Europe.

US exports of LNG are soaring, with Qatari natural gas production offline for years after Iranian strikes. Europe is highly reliant on US exports of liquefied natural gas, after the EU banned purchases of Russian energy. But Asian buyers that previously sourced from Qatar are paying record prices for LNG in spot markets, and snapping up cargoes that previously would have gone to Europe. American LNG companies will boom for years as Qatar rebuilds, and with US feedgas costs some of the lowest in the world. That results in massive margins after liquefaction and export. Closing scene, Sichuan Resources and links: The U.S. Supplied 93% Of Global LNG Export Growth In 2025 https://www.forbes.com/sites/rrapier/... Global LNG trade volumes reached record high in 2025 https://www.hellenicshippingnews.com/... US LNG exports break record high as Middle East war disrupts global supply https://www.reuters.com/business/ener... US Natural Gas Futures https://finviz.com/futures?p=d&t=NG Pakistan Shells Out Record Sums for Spot LNG as Qatar Supply Falters https://oilprice.com/Latest-Energy-Ne... Pakistan to Buy More LNG as It Sees Longer Hormuz Conflict https://www.bloomberg.com/news/articl... Iran War Forces Cash-Strapped Asian Nations to Buy Expensive LNG https://www.bloomberg.com/news/articl... Asia's LNG imports recover, drawing cargoes from needy Europe https://www.reuters.com/commentary/re... S&P Global Energy: LNG to become second-largest net export industry in US within 5 years https://www.ogj.com/general-interest/... QatarEnergy secures long-term LNG supply deal with Japan's Jera as demand surges https://www.reuters.com/business/ener... Retail electric rate increases outpace inflation with prices set to rise higher https://www.utilitydive.com/news/reta... QatarEnergy expects 3-5 years to repair LNG facilities after strikes https://www.spglobal.com/energy/en/ne... EU agrees to permanently stop Russian gas imports and phase out Russian oil https://ec.europa.eu/commission/press... EU countries give final approval to Russian gas ban https://www.reuters.com/business/ener... China and Russia strengthen gas relationship but there are some caveats https://globallnghub.com/china-and-ru...