Several weeks of war will change the global LNG market for the next few years.

date
19/03/2026
After suffering more attacks, the entire Ras Laffan facility in Qatar has been severely damaged, which could greatly delay the time it takes to resume normal production. The scale of the damage and the amount of repair work required for resuming operations is still unclear. But with each day of operations halted, the energy pressure endured by the global economy increases. The second natural gas crisis in four years is disrupting industrial demand - perhaps irreversibly. The longer this situation persists, the only solution is for the world to reduce its use of natural gas. This fuel has been promoted as a reliable and economic choice for transitioning from heavily polluting coal to fully relying on renewable energy. Without natural gas, power plants will decrease their output, and fertilizer and textile factories will also cease production. The chain reactions brought about by this long-term impact may be more severe than the energy crisis caused by the 2022 Russo-Ukrainian conflict. Energy analyst Sal Cavonik from MST Marquee company said: "Even if the war ends, the interruption in liquefied natural gas supply could last for several months or even years - depending on the time needed to repair the damages."