A $7 Billion gas bill sees developing Asian nations sour on LNG

The loss of a fifth of liquefied natural gas supply due to the U.S.-Iran war is blowing out costs for Asia’s developing markets, and forcing a rethink of the fuel’s long-term future in the region. Qatari shipments of LNG through the Strait of Hormuz have all but dried up since the conflict started at the end of February. That’s deprived Asian buyers of…