5 LNG Megaprojects Poised to Power the Next Gas Boom

AI Summary

Five major LNG projects are positioned to drive a new gas boom amid elevated natural gas prices resulting from US-Iran tensions. Iranian missile and drone attacks on key LNG facilities like Ras Laffan have caused significant capacity reductions, impacting supply to Europe and Asia.

The war between the US and Iran has driven up natural gas prices, particularly in Europe and Asia. Asia accounts for nearly 90% of liquefied natural gas (LNG) shipments from key Middle East producers like Qatar and the UAE, while Europe imports 7-11% of its LNG from the region. During spring 2026 missile and drone attacks, Iranian strikes hit Ras Laffan LNG Trains 4 & 6, and Pearl GTL Train 2. Ras Laffan owner QatarEnergy estimates repairs to the two units will sideline about 12.8 million tonnes per year of LNG capacity for three to five years.…