Qatar LNG Exports Slashed 96% by War, US Suppliers Fill Gap
VG has more than doubled off its 52-week low of $5.72.
Summary
The U.S.-Iran war has cut Qatar's LNG exports by 96%, removing a major competitor from the global market. Qatar has lost $24 billion in gas sales and shipped only 18 cargoes versus 509 a year ago. US exporters like Venture Global are offsetting the lost supply, with European gas storage at historic lows ahead of winter. This follows Venture Global's strong Q2 and raised 2026 EBITDA guidance, positioning it to capture higher prices and volumes. Watch for further escalation in the Strait of Hormuz and winter demand.
At the time of this announcement, VG was trading at $13.97 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $35.2B. The 52-week trading range was $5.72 to $17.62. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.