Qatar's Ras Laffan natural gas facility, which supplies approximately 20% of global LNG, was attacked. US LNG companies are about to laugh themselves awake.

The pricing logic of natural gas is changing. The US controls marginal supply—once Qatar has problems, the market naturally turns to the US.

The US and Greek LNG ship owners take away pricing power and liquidity premiums, while importing countries like Europe, Japan, and China bear the rising costs.

This issue isn't about energy shortage, but rather a shift in pricing power.

And the impact won't stop at energy itself, but will continue to transmit: LNG → Electricity prices → Computing power costs.

Semiconductor wafer fabs will adjust their site selection for new capacity in the medium term.

Because enterprises prioritize electricity stability and energy security, not just price.

Where do you think LNG supply is most stable?