It’s not hyperbole to call what transpired today in Qatar a seismic event for global energy markets. On March 2, QatarEnergy — the state-owned energy giant responsible for all of the country’s liquefied natural gas exports — announced a complete halt to LNG production after Iranian drone strikes hit facilities at Ras Laffan Industrial City and Mesaieed Industrial City. And the effects of the shutdown will go well beyond the short term. These aren’t minor processing units. These are the heart of Qatar’s LNG infrastructure,…
