Iran war damage to Qatar hits global LNG outlook, upends Asia demand growth - Reuters
Iran war damage to Qatar hits global LNG outlook, upends Asia demand growth Reuters
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<a href="https://news.google.com/rss/articles/CBMiwAFBVV95cUxOdjBvWFc1RVJOWVZRRHFTV3BfaUtObWRKRzFYYUhoLTVDQzAxM2hWZFJZb0kySlFhTVhQb0Jsd1BSQU5ob3Fjc21uNjBDTmI0N2F0UTAyYmdwTndNZFV3LWM2aW5EWkE1eWRjVWdsaXpPTlFYeTU2R0YtU2lIdTFGRmZGQWtxNnFENndhMTZnVWNfSXYwNlYyVTZWN0IzRWI5VDExZWZPSnE4Zy1jY0dhUkhyZHl5dmxCcjdHaHNVT0M?oc=5" target="_blank">Iran war damage to Qatar hits global LNG outlook, upends Asia demand growth</a> <font color="#6f6f6f">Reuters</font>
The article discusses how the Iran war has led to a severe global energy crisis, with a 98% increase in European natural gas futures due to attacks on the South Pars field and subsequent strikes on infrastructure in Saudi Arabia, Kuwait, and Qatar.
The article reports on intensified attacks on Gulf energy infrastructure, particularly targeting Qatar's Ras Laffan complex, raising concerns about a potential 'gas war' and its implications for global energy security.
The article reports that Qatar has declared a 'force majeure' clause in its LNG export contracts with China, South Korea, Italy, and Belgium due to damage from Iranian missile attacks on the Ras Laffan plant, estimating annual losses of $20 billion and repair times of three to five years.
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