US Natural Gas Market Shielded From Global Price Shocks During Iran War
Analysts say East Asia could see hikes in energy costs after an Iranian strike wrecked Qatari LNG infrastructure that met 20 percent of the world’s demand.
By John Haughey |March 24, 2026Updated:March 24, 2026
Iran’s de facto closure of the Strait of Hormuz and partial destruction of Qatar’s liquified natural gas (LNG) infrastructure on March 18 will have a dramatic global impact, primarily in East Asia, but won’t affect North American natural gas prices, market analysts say.
“The price of natural gas in the United States has not been affected because the [domestic] market is ‘shielded’ from international price spikes,” said Ken Medlock, an energy market researcher at Rice University’s Baker Institute for Public Policy.
In fact, natural gas prices in the United States and Canada are expected to decline as winter fades, he told The Epoch Times.
The United States is the world’s largest LNG exporter, eclipsing Qatar and Australia in 2022, with domestic producers now supplying 25 percent of global consumption, data from the U.S. Energy Information Administration show. Nearly 70 percent is shipped to buyers in Europe, with Japanese and South Korean consumers increasing imports over the past few years.
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READ MORE: https://www.theepochtimes.com/article/us-natural-gas-market-shielded-from-global-price-shocks-during-iran-war-6001937?ea_src=frontpage&ea_med=section-1
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