Qatar's Ras Laffan LNG Hub Remains Semi-Mothballed as Conflict Persists

🏭 RAS LAFFAN — The world's largest LNG terminal is down, and Europe hasn't priced that in yet. 📌 LOOK CLOSER: Ras Laffan supplies roughly 20% of global LNG — primarily to Europe, Japan, and South Korea. Semi-mothballed status means Qatar is absorbing political risk rather than operational damage, but the output gap compounds Hormuz disruption. European spot prices and winter storage targets are both now in play.