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Global Gas Prices Surge; U.S. Stability Prevails

3/8/2026

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Story summary
  • Natural gas prices surged globally after Iran attacked and shut down the largest liquefied natural gas (LNG) export facility.
  • In the United States, prices rose 11%.
  • Analysts say Americans will not face higher power bills, unlike during the crisis after Russia's invasion of Ukraine.
  • This stability stems from ample domestic inventories, record production, and export capacity in the United States.
  • Cheniere Energy's shares hit a record high amid these developments.