Qatar gas terminal damage may disrupt global LNG supply
after close1 source ↓written by the desknot a recommendation
On 19 Mar 2023, the Ras Laffan LNG terminal in Qatar was severely damaged by Iranian missile strikes, potentially leading to force majeure declarations on long-term contracts. This disruption could impact LNG supplies to Italy, Belgium, Korea, and China for up to five years. Traders should monitor global gas prices as supply constraints may arise.
Not investment advice. For informational purposes only.