HOUSTON, March 2 (Reuters) - Venture Global ( VG ) has the

biggest amount of LNG cargoes in the world that are not

contracted and is ready to help stabilize the global markets as

Qatar halts production following attacks from Iran, the

company's CEO Mike Sabel said on Monday.

Qatari LNG production is equivalent to about 20% of global

supply and plays a major role in balancing both Asian and

European markets' demand for the fuel.

State-owned QatarEnergy, 82% of whose clients are Asian, was

set to declare force majeure on its LNG shipments after Iranian

drone attacks on facilities in the sprawling Ras Laffan complex,

according to a source with knowledge of the matter. The complex

hosts Qatar's gas trains - massive processing units that

supercool natural gas into liquid form for export by ship.

The markets have not yet reflected what the price of LNG

will be following Qatar's announcement, and with Europe still in

winter it is a challenging time, Sabel told an earnings call on

Monday.

The higher LNG prices will help Venture Global's ( VG ) margin but

the company believes low long term LNG prices are desired to

increase demand, Sabel said.