Qatar gas terminal damage may disrupt global LNG supply
pre-market1 source ↓written by the desknot a recommendation
- of global LNG
- 20%
On 19 Mar 2023, the Ras Laffan LNG terminal in Qatar was struck by Iranian missiles, causing extensive damage and raging fires. QatarEnergy's CEO indicated potential force majeure on contracts, risking LNG supplies to Italy, Belgium, Korea, and China for up to five years. This disruption could significantly impact global gas markets. ⚡
• Ras Laffan supplies 20% of global LNG
• Damage estimated in hundreds of millions
• Long-term contracts may be affected
Traders should monitor LNG prices and supply chain shifts.
Not investment advice. For informational purposes only.