Washington, March 19 (SANA) – The continued shutdown of Qatar’s Ras Laffan industrial complex, the world’s largest liquefied natural gas (LNG) production facility, is depriving global markets of significant energy supplies and increasing pressure on the global economy, Bloomberg reported.
According to the report, the disruption marks the first supply interruption from the site in three decades. Additional strikes following an attack on Iran’s South Pars gas field on Wednesday caused extensive damage to the Qatari complex, potentially delaying the resumption of normal operations.
Bloomberg noted that each day the facility remains offline intensifies strain on global markets, which lack sufficient spare capacity, strategic reserves, or quick alternatives to offset the shortfall.
The agency warned that the crisis extends beyond rising prices, with the potential to reshape the global gas market. Estimates by Morgan Stanley suggest that any disruption lasting more than one month could push the market into deficit, while a three-month shutdown could become the largest interruption in LNG industry history.
Earlier, QatarEnergy confirmed that several LNG facilities in Ras Laffan Industrial City were hit by missile attacks early Thursday, causing fires and significant damage, following a separate strike on a gas-to-liquids plant the previous day.
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