Bloomberg reported that the disruption of the Qatari Ras Laffan complex, the world’s largest in the production of liquefied natural gas, puts the global economy in a difficult position, as the effects of the US-Israeli war on Iran expand to include the core of global energy supplies.
The agency explained that the complex was severely damaged by missile attacks, which led to the first interruption in supplies from this site in thirty years. Specialists have warned that any stoppage exceeding one month may push the gas market towards a state of shortage, while stopping it for three months may lead to the largest disruption in the history of this industry, which threatens to dissipate the global surplus expected for this year.
Asian countries, led by Pakistan and India, appear to be the most affected due to their heavy dependence on Qatari gas, as the price of one shipment has doubled to reach $80 million. Observers fear that this deficit may force emerging economies to return to using coal, which will increase the environmental burden and turn gas into a new source of weakness for the global economy.
