Why the damage to Qatar’s gas infrastructure could push costs higher for years to come

Qatar's Ras Laffan "energy city" was hit by Iranian strikes. PaPicasso/Shutterstock

On March 19, Ras Laffan, the largest liquified natural gas (LNG) terminal in the world, supplying one-fifth of the world’s super-chilled fuel, was hit by Iranian missiles and drones. The Qatari terminal suffered substantial damage in the strikes – fires were raging across the gas-to-liquids facility within the complex, which covers 295 square kilometres – the size of a large city.

Investments worth tens...