Goldman Sachs warned that damage to Qatar’s liquefied natural gas (LNG) infrastructure could push global gas prices 50–100% higher, sparking a potential energy crisis ahead of winter.
Qatar LNG Attack Disrupts Global Supply
The concern centers on QatarEnergy’s Ras Laffan Industrial City, the world’s largest LNG production site, which was knocked offline by attacks. Qatar supplies roughly one-fifth of the global LNG market.
“There is a risk that this just drags so much that it makes the process very painful,” said Samantha Dart, co-head of global commodities research at Goldman Sachs, on the bank’s “Exchanges” podcast.
Dart emphasized the severity of the damage, “It doesn’t take three years to fix anything. What they are really saying is these two liquefaction trains were so damaged that we need to start over. We need to rebuild them from …
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