As emergency workers sifted through the smouldering wreckage at Qatar’s Ras Laffan complex on Thursday morning, traders in Europe and Asia were waking up to a fresh energy crisis.
In normal times, a fifth of the world’s supply of liquefied natural gas (LNG) flows from Ras Laffan, a vast industrial site almost three times the size Paris built over three decades at a cost of hundreds of billions of dollars.
LNG terminals are some of the biggest and most complex constructions in human history, and Ras Laffan is the largest of them all, turning Qatar’s huge gas reserves into a super-chilled fuel that can be shipped around the world. At least before the Iranian missiles arrived.
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