Analysts warn of long-term LNG market shift, dismiss immediate supply crisis fears

RIYADH: Following QatarEnergy’s announcement that missile strikes have knocked out 17 percent of the country’s liquefied natural gas export capacity, energy analysts are split between warning of a structural market shift and downplaying the risk of an immediate supply crunch. The attacks on Ras Laffan Industrial City on March 18, damaged two major LNG trains— a blow estimated to cost $20 billion annually in lost revenue and take up to five years to repair, according to CEO Saad Al-Kaabi.

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