Global Gas Market Shifts: 5 Stocks to Watch Amid Qatar Crisis

The global gas market has shifted following Qatar's LNG production halt due to military strikes on operating facilities. The crisis has led to buyers scrambling for alternative supply, with U.S. LNG exporters and infrastructure companies moving to the front of the line.

Cheniere Energy (LNG) is the most direct beneficiary of any sustained Qatar supply gap. As the largest U.S. LNG exporter, Cheniere delivered a record 670 cargoes in 2025, with Q4 2025 EPS of $10.68 against a consensus estimate of $3.87. The stock has responded sharply to the Qatar crisis narrative: Shares are up nearly 36% year to date through Aug. 13.

Other companies benefiting from the crisis include Venture Global (VG), which surged 132% year-to-date on the crisis, and EQT Corporation (EQT), whose free cash flow jumped 414% in 2025 backed by locked-in long-term LNG offtake deals. Kinder Morgan (KMI) is also poised to benefit, with a $10 billion project backlog approximately 90% natural gas, anchored by the $1.8 billion Trident Intrastate Pipeline.