Iran’s strike on Qatar gas facility will reduce supply for 3 to 5 years

Iran struck Qatar's Ras Laffan gas facility, causing damage expected to reduce the country's liquefied natural gas exports by approximately 17% for three to five years. The Ras Laffan complex is one of the world's largest LNG production hubs, making the facility critical to global energy supplies and Qatar's primary export revenue source. The disruption will likely tighten global LNG markets and drive up prices at a time when energy demand remains elevated, particularly in Europe and Asia. The strike escalates regional tensions and marks a significant blow to Qatar's economy, which depends heavily on hydrocarbon revenues. The extended recovery timeline suggests sustained impacts on international energy markets during a period when supply constraints are already a concern.