•A production halt in Qatar, a major LNG exporter, could eliminate the global LNG supply surplus projected for 2026, warns Morgan Stanley.
•The outage at Ras Laffan Industrial City, linked to escalating West Asia conflict, has already caused global LNG prices to nearly double.
•Morgan Stanley analysts, led by Devin McDermott, indicate a deficit if the outage extends beyond one month, potentially pushing LNG prices to $30/MMBtu+.
•The global LNG market is highly concentrated, with US, Qatar, and Australia supplying over 60%, making disruptions significant.
•Escalating West Asia tensions also caused crude oil prices to surge nearly 30%, leading to a sharp sell-off in Indian markets (Sensex down 2.97%, Nifty 2.88%).
