London —
The Iran war has driven oil prices to their highest levels in years. Now, a wave of attacks in the past 24 hours on energy production sites across the Middle East has turned the spotlight on another crucial fossil fuel: liquefied natural gas, or LNG.
On Wednesday, QatarEnergy said its Ras Laffan LNG hub, the world’s largest such facility, had sustained “extensive damage” after being struck by Iranian missiles twice in 12 hours. QatarEnergy’s exports, accounting for almost a fifth of global LNG supply, were already trapped by the Strait of Hormuz blockade and