Qatar faces nine percent GDP contraction following Iranian missile attacks on Ras Laffan LNG site

Mar 20, 2026, 3:24:45 PM UTC(4 hours ago)

Impact: Very High

Affected Assets

QatarEnergy has declared force majeure on long-term LNG contracts after missile and drone strikes caused extensive damage to the Pearl GTL facility and multiple liquefaction trains.
The attacks have wiped out approximately 17 percent of Qatar's total LNG production capacity with repairs estimated to take between three and five years.
JPMorgan and industry analysts project an annual revenue loss of 20 billion dollars due to the disruption of exports to major markets in Europe and Asia.
Global gas prices have surged as the outage impacts 19 percent of the world's LNG export supply and threatens to worsen energy crises in countries like India.
The strikes targeted critical infrastructure including LNG Trains 4 and 6 which are operated as joint ventures with ExxonMobil.

🚨 QATAR'S HEADLINE GDP COULD CONTRACT BY 9% IN 2026 AFTER RAS LAFFAN LNG SITE ATTACK, JPMORGAN ESTIMATES