Qatar LNG Outage Sparks Global Gas Rally

1 min read
Source: Bloomberg.com
Qatar LNG Outage Sparks Global Gas Rally
Photo: Bloomberg.com
TL;DR

Qatar shut down the Ras Laffan LNG plant after an Iranian drone attack, removing about a fifth of global LNG supply and sending European gas prices sharply higher, underscoring energy-security concerns as Europe awaits summer LNG imports and traders weigh the outage duration and potential supply gaps.

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