Ras Laffan Attack Rattles Global Energy: LNG Hub Hit, Prices Soar 30%

• Attack on Qatar’s Ras Laffan, the world’s largest LNG export hub, immediately unsettled global energy markets.
• European gas prices jumped by up to 30% following the attack, highlighting dependence on Qatari supply.
• Damage to Ras Laffan impacts 17% of Qatar's LNG export capacity, with estimated annual revenue losses of USD20 billion.
• Repairs could take 3-5 years due to the complexity of the facilities, raising concerns about prolonged supply disruption.
• The attack escalates Middle East tensions, with fears of broader targeting of energy infrastructure and potential global economic impact.