Ras Laffan Industrial City — human settlement in Qatar

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Friday, October 30, 2026

Ras Laffan Industrial City

human settlement in Qatar

In brief

QatarEnergy is pursuing multi-year LNG deals with US producers through 2031 to replace output lost after Iranian strikes damaged Ras Laffan, moving from spot purchases to longer-term contracts and relying on its trading arm to secure about 2–3 mt/y. The disruption, worsened by Strait of Hormuz risks, has accelerated Qatar’s shift to external supplies and investment in US LNG capacity as repairs at Ras Laffan are expected to take three to five years.

Qatar's LNG exports plunged 96% over six months of the US-Iran war, costing about $24 billion and forcing budget cuts of up to 30% and a major reduction in overseas aid. Only 18 cargoes were shipped versus 509 a year earlier as damage to Ras Laffan and disruptions through the Strait of Hormuz disrupt global supply, with repairs potentially taking up to five years and Europe facing possible price spikes amid low gas storage.

LatestLNG supply diversificationQatar LNG export capacity fell roughly 17% after March Ras Laffan strikes. Gastech deals hit ~$60B as buyers diversify; net global loss is only ~5 mt.Sep 22, 2026