US Gas Sales Rise as Qatar Exports Plunge

Six months into the conflict, Qatar has seen its liquefied natural gas exports slashed by 96 percent and lost 24 billion dollars in sales. While US exports have offset some losses, European gas storage has fallen to historic lows.

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QatarEnergy's liquefied natural gas (LNG) production facilities, amid the U.S.-Israeli conflict with Iran, in Ras Laffan Industrial City, Qatar March 2, 2026. REUTERS/Stringer

Six months into the United States conflict with Iran over the Strait of Hormuz, Qatar has lost $24B in liquefied natural gas sales. Exports have plummeted 96% following tanker attacks and port disruptions. The drop strips the Gulf state of five months of income based on 2025 revenue figures, according to data intelligence firm ICIS.

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