Iran Missile Strikes Hit World’s Largest LNG Hub In Qatar, UAE Shuts Major Gas Facilities

lng facility — Image for representation purposes only

Missile strikes hit Qatar’s Ras Laffan Industrial City, damaging major LNG facilities. At the same time, the UAE shut some gas plants after intercepting missiles.

The attacks happened late Wednesday and early Thursday, increasing tensions in the Persian Gulf.

QatarEnergy said fires at the site were quickly controlled and no injuries were reported. Still, damage to such a key LNG hub could affect global gas supply.

Ras Laffan, about 80 km from Doha, is home to the world’s largest LNG export facilities. Qatar produces around 77 million metric tons of LNG each year and is the second-largest exporter.

The site had been supplying about 20% of global LNG before operations were halted earlier this month.

Several facilities were hit, causing fires. The Pearl gas-to-liquids plant, which can process up to 1.6 billion cubic feet of gas per day, was also damaged. All workers had already been evacuated and were safe.

In the UAE, the Habshan gas complex was shut after debris from intercepted missiles fell nearby.

The site can process about 6.1 billion cubic feet of gas per day. No injuries were reported. The Bab oil field saw minor damage.

The strikes came after Iran warned it could target energy sites in Qatar, Saudi Arabia, and the UAE. This followed earlier attacks on Iran’s South Pars gas field.

Qatar called the strike a threat to its national security and asked Iranian military officials to leave within 24 hours. The United States also warned Iran against further attacks.

The situation could affect global shipping and energy supply. Ras Laffan is a major export hub for LNG shipments to Asia and Europe. Any disruption, along with existing issues in the Strait of Hormuz, may delay cargo movement.

Oil prices have already reacted, with Brent crude rising up to 8% to $111.90 per barrel. Countries that rely on LNG imports may need to find other suppliers.

References: Reuters, Bloomberg

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