Iran Attacks Qatar's Ras Laffan LNG Hub: Is India Prepared for a Gas Supply Shock?
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Iran Strikes Qatar LNG Hub: India Faces Gas Shock, Economic Fallout
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News18•19-03-2026, 13:13
Iran Strikes Qatar LNG Hub: India Faces Gas Shock, Economic Fallout
•Iran's attack on Qatar's Ras Laffan, the world's largest LNG hub, follows an Israeli strike on Iran's South Pars gas site, escalating the energy war.
•QatarEnergy confirmed "extensive damage" to its main gas facility, condemning the strikes as a "flagrant violation" of sovereignty.
•Oil prices (Brent crude to $110-$112) and natural gas benchmarks surged due to fears of LNG export disruptions from Qatar, a top global supplier.
•Indian markets, including Nifty50 and Sensex, saw sharp declines, mirroring global equity weakness as oil price spikes weighed on sentiment.
•India, heavily reliant on Qatari LNG (35-54% of total imports), faces potential supply cuts, inflation, and impact on strategic sectors like fertilizers and city gas distribution.
