There’s no easy way to fix the chaos triggered by war. Certainly not in a part of the oil-prolific world that’s been troubled for decades. Now four days into Operation Epic Fury, oil prices have soared as per the usual jackrabbit kick when international conflicts upset global markets. But this time, natural gas may well deliver the larger kick. Call her LNG.

Reese Energy Consulting today is following the latest news on this operation starting with Qatar, which operates the world’s largest LNG export facility in the Persian Gulf. Following two drone attacks, Qatar has ceased LNG production at least for now. Depending on the length of time Qatar stays offline, the outage could take 20% of LNG deliveries off the global market. Not surprisingly, this has triggered a rise in natural gas prices and a 50+% price surge in European and Asian markets. Iran’s current blockade of the Strait of Hormuz has made transporting energy internationally one heckuva new exercise, but hardly without U.S. options. Venture Global and Cheniere report rerouting cargoes to meet global shortages.