Keyword → LNG

Iran Strikes Qatar's Ras Laffan LNG Hub Twice in 12 Hours; Brent Crude Briefly Surges Past $119 as Global Energy Crisis Deepens

Iranian missile strikes inflicted 'extensive damage' on Qatar's Ras Laffan Industrial City — the world's largest LNG export hub — sending Brent crude briefly above $119 a barrel on Thursday before it retreated to around $114. The attacks, which came in retaliation for Israeli strikes on Iran's South Pars gas field, have paralyzed nearly 20% of global LNG supply, triggered drone strikes on Saudi and Kuwaiti refineries, and raised the specter of a full-scale stagflationary energy shock across the global economy.

Strait of Hormuz Effectively Closed: Maersk, Hapag-Lloyd, CMA CGM Halt All Transits as Shipping Stocks Surge

The world's four largest container shipping carriers suspended all vessel crossings through the Strait of Hormuz following Iranian attacks on tankers transiting the waterway, triggering a 70 percent drop in traffic and sending shares of Maersk and Hapag-Lloyd surging more than 4 percent as investors anticipated higher freight rates, war-risk surcharges, and prolonged rerouting of global cargo around Africa's Cape of Good Hope.

Mitsubishi Corporation Expands U.S. Footprint With Haynesville Shale Gas Acquisition

Mitsubishi Corporation has agreed to acquire Aethon Energy Management’s Haynesville Shale gas assets in Texas and Louisiana in a deal valued at approximately $7.5 billion including debt, marking its largest foray into the U.S. shale gas sector. The move aims to bolster Mitsubishi’s integrated energy capabilities amid rising demand tied to AI data center buildouts and global LNG export opportunities, reinforcing strategic diversification in North American energy markets.