JPMorgan: Qatar GDP could contract by as much as 9% if LNG facilities are hit

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JH Kim

Summary

  • JPMorgan said it assessed that an attack on Qatar’s key LNG facilities would deliver an unavoidable shock to the economy.
  • It said that if the Ras Laffan LNG facility is attacked, Qatar’s 2026 nominal GDP could fall by as much as 9%.
  • It said it assessed that disruptions at Ras Laffan could have significant spillover effects not only on Qatar’s economy but also on the global gas market.

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JPMorgan assessed that an attack on Qatar’s key LNG facilities would deliver an unavoidable shock to the economy.

According to Walter Bloomberg on the 20th (local time), JPMorgan said that if the Ras Laffan LNG facility is attacked, Qatar’s 2026 nominal GDP could fall by as much as 9%.

Ras Laffan is one of the world’s largest LNG export hubs and plays a pivotal role in the global energy supply chain.

As a result, disruptions at the facility could have significant spillover effects not only on Qatar’s economy but also on the global gas market.

JH Kim

JH Kim

reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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