For the next five years, the global supply for Gas will remain volatile because one of the biggest production plants in the middle east has been bombed and will take five years to repair.
After three decades operating uninterrupted, Qatars LNG Crown Jewel, the Ras Laffan plant has been shut down following the devastating bombing executed by Iranian drones.
After further hits — in retaliation for an Israeli strike on the vast South Pars fields on Wednesday — the complex has suffered extensive destruction that will take up to five years to repair.
Industry experts across the globe fear this will forever reshape the future of gas.
With the prolonged disruptions, emerging economies are already paying the price.
Buyers are now bracing for an outage that could ripple through markets for years.
Political pundits are already noting that the war in Iran once again presented Donald Trump with an intractable dilemma.
He needed to calm energy markets that were surging once more after Iran struck energy infrastructure across the Persian Gulf, retaliating for an Israeli attack Wednesday on its biggest natural gas field.
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