Iran Conflict's Long-Term Impact on Global Gas Markets
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Iran War Reshapes Global Gas Market: Qatar Outage Sparks Crisis
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Moneycontrol•19-03-2026, 23:31
Iran War Reshapes Global Gas Market: Qatar Outage Sparks Crisis
•Qatar's Ras Laffan LNG plant closure due to Iranian drone attacks has severely impacted global gas supply, with repairs potentially taking up to five years.
•The conflict has disrupted the entire energy supply chain, causing surging fuel prices, cooking gas shortages, and concerns over diesel and fertilizer.
•The outage has erased an expected global gas glut, creating a deficit that could become the largest LNG outage in history if it extends beyond three months.
•Emerging economies in Asia, heavily reliant on Qatari LNG, face immediate and severe consequences, including potential power shortages and industrial shutdowns.
•The crisis forces a re-evaluation of LNG expansion plans, pushing some nations towards increased coal reliance and benefiting other producers like the US and Australia.
