The American LNG Billionaires Set To Cash In On War With Iran
Forbes Daily Briefing
Forbes
4.4 • 18 Ratings
🗓️ 10 March 2026
⏱️ 6 minutes
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| 0:00.0 | Here's your Forbes daily briefing for Tuesday, March 10th. |
| 0:05.1 | Today on Forbes, the American LNG billionaires set to cash in on war with Iran. |
| 0:13.5 | Iranian drones damaged the world's biggest liquefied gas complex at Qatar's Ras Lafant last week. |
| 0:21.2 | Attacks on oil tankers have closed the Straits of Hormuz, blocking the only path to market |
| 0:26.7 | for Qatar energy, which had to shut down its plants and declare force-majure on liquefied natural |
| 0:32.8 | gas shipments. |
| 0:34.5 | It's unclear when it will restart. |
| 0:37.0 | Last week, TPH analyst Zach Van Everin predicted, quote, |
| 0:41.7 | the most optimistic timeline to resume full production is one month. |
| 0:46.6 | Two of the biggest likely beneficiaries of this development, |
| 0:51.1 | Robert Pender and Mike Sable, |
| 0:53.5 | the co-founders of America's soon-to-be biggest exporter of |
| 0:57.1 | liquefied natural gas, or LNG, Venture Global. |
| 1:02.4 | Incredibly, from its first cargo just four years ago, Venture Global is on track to export |
| 1:07.6 | about half of what pioneering LNG giant Qatar would have this year, |
| 1:12.9 | or roughly 40 million tons of supercooled negative 260 degree LNG. |
| 1:19.1 | It's an enormous amount, the energy equivalent of 16 billion gallons of gasoline, |
| 1:24.9 | enough to fill 500 insulated tankers to be shipped around the world. |
| 1:29.4 | Speaking on an earnings call last week, Sable, the 59-year-old CEO, said, quote, |
| 1:34.9 | We probably have the largest number of available cargoes in the market. |
| 1:40.5 | That puts him and the 72-year-old Pender, based in Arlington, Virginia, in the best position |
| 1:46.5 | of any global energy tycoons to profit enormously from the sudden need to plug the shortfall. |
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