U.S. LNG Shares Rise Following Attacks on Qatar Facilities
U.S. LNG shares rose Thursday after attacks on Qatari infrastructure cut global supply. Repairs may take five years as energy prices remain elevated globally.
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Shares of major liquefied natural gas producers in the United States saw a significant rally on Thursday following reports of military strikes by Iran against energy infrastructure in Qatar. The attacks have raised fears of a long-term disruption to global gas supplies, sending Cheniere Energy, Inc. to an all-time high, while Venture Global, Inc. also experienced a sharp intraday spike.
