20/03/2026 – Ras Laffan: Attacks will result in 17% loss of liquefaction capacity for the next 3-5 years – Read more news

GAS & POWER: Markets corrected marginally this morning, but confirmed the solid gap formed following the escalation of the Middle East energy war. Yesterday afternoon, the first official details on the status of Ras Laffan arrived: the emirate's energy minister confirmed damage to two of the fourteen liquefaction trains, with significant impacts on the plant's overall long-term capacity. A reduction in liquefaction capacity of approximately 18 billion cubic meters per year is expected, with an estimated recovery period of between three and five years. QatarEnergy is likely to exercise force majeure options on long-term contracts with Italy and Belgium—the main customers associated with the damaged liquefaction train number 4—and South Korea and China—associated with the production of the second damaged train, number 6 of the complex.

The delivery of the first cargo from the American Golden Pass terminal is approaching. In recent days, feedgas destined for the plant has increased again, while the federal agency that regulates electricity and gas sales has granted the final permits needed to start the first liquefaction train. ExxonMobil, the main investor in the project along with QatarEnergy, had indicated the target for the first export in the second half of March.