One big winner in War on Iran: US natural gas exporters. Big loser: Europe. | Inside China Business

US exports of LNG are soaring, with Qatari natural gas production offline for years after Iranian strikes.

Europe is highly reliant on US exports of liquefied natural gas, after the EU banned purchases of Russian energy.

But Asian buyers that previously sourced from Qatar are paying record prices for LNG in spot markets, and snapping up cargoes that previously would have gone to Europe.

American LNG companies will boom for years as Qatar rebuilds, and with US feedgas costs some of the lowest in the world. That results in massive margins after liquefaction and export.