Weeks of war are changing the global LNG market for years to come.

Golden Ten Data reported on March 19 that after suffering further attacks, Qatar’s entire Ras Laffan facility has been severely damaged, which could significantly delay the timeline for resuming normal production. The scale of the destruction and the amount of repair work required to restore operations remain unclear. However, with each day of halted operations, the energy pressure on the global economy increases. The second natural gas crisis in four years is undermining industrial demand—and this damage may be irreversible. 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 economical option for transitioning from heavily polluting coal to complete reliance on renewable energy. Without natural gas, power plants will reduce electricity generation, and fertilizer and textile factories will also shut down. The chain reaction from the long-term impact could be even more severe than the energy crisis caused by the Russia-Ukraine conflict in 2022. MST Marquee energy analyst Saul Kavonic said: “Even if the war ends, the disruption to liquefied natural gas supplies could last for months or even years—depending on how long it takes to repair the damage.”