5 LNG Megaprojects Poised to Power the Next Gas Boom | HappeningNow.news

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5 LNG Megaprojects Poised to Power the Next Gas Boom

The war between the US and Iran has driven up natural gas prices, particularly in Europe and Asia.

Source AI Summary Published August 12, 2026 Brief Under 1 min brief
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AI Summary

The war between the United States and Iran has pushed natural‑gas prices higher, especially in Europe and Asia. Iran’s missile and drone attacks in spring 2026 damaged QatarEnergy’s Ras Laffan LNG Trains 4 and 6 and the Pearl GTL Train 2, removing roughly 12.8 million tonnes of LNG capacity each year. QatarEnergy expects the repairs to keep the two trains offline for three to five years. This loss comes as Asia accounts for nearly 90 % of LNG shipments from the Middle East, while Europe receives only 7‑11 % from the region.

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