Gas prices soar as energy infrastructure is attacked in the Gulf
Business
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From the show
Reading time
1 min
Natural gas prices soared as attacks intensified on energy infrastructure in the Middle East. The Ras Laffan plant in Qatar has sustained "significant damage", according to its operators, which could take years to fully repair. That will have a significant impact on global supplies, because the facility produces around a fifth of the world's LNG (liquefied natural gas). Also in the show: the World Trade Organization warns a trade slowdown could lead to mounting food insecurity.
