
An explosion at Qatar's Ras Laffan LNG plant killed 13 workers and injured dozens. The energy minister said exports will not be affected as the plant was restarting after a war-related shutdown.
An explosion at Qatar's largest natural gas plant killed 13 people and injured about 66, authorities said. The blast, caused by a technical malfunction, occurred Sunday as the facility restarted LNG production after a shutdown triggered by the Iran-U.S. war, the interior ministry said.
The Ras Laffan industrial zone houses the country's biggest LNG export terminal. Energy Minister Saad Sherida al-Kaabi said the explosion was an accident, not sabotage, and that it would not affect Qatar's export volumes. The victims were all workers from India and Pakistan, according to The New York Times and BBC News. India's embassy in Doha offered condolences in a social media post.
The blast was felt more than 43 miles away and turned the city's skyline orange, BBC reported.
Qatar is one of the world's largest LNG exporters. Ras Laffan is the center of that production. The country had halted output earlier in the conflict and said damage from Iranian strikes could take years to repair. The restart was a critical step toward restoring full export capacity. The explosion interrupted that process. Al-Kaabi said the incident was contained and exports would continue.
The global LNG market was already tight before the explosion. Qatar's earlier shutdown had removed a significant volume of supply. The restart incident introduces a new risk factor. Ras Laffan is the largest LNG production site in the country, and any delay in its full return could keep the market constrained.
Investors monitoring the LNG sector may look at Cheniere Energy (LNG) as a relative play. The stock carries an Alpha Score of 66 from AlphaScala, indicating a moderate outlook. Cheniere is the largest U.S. LNG exporter and could see shifts in demand if Qatari supply remains curbed.
For now, Qatar's export volumes are expected to hold steady, according to the energy minister.
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