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

Source
JH Kim

Summary

  • JPMorgan said it analyzed that if Qatar’s major LNG facilities are hit, a severe shock to the economy would be inevitable.
  • 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 the analysis indicates that disruptions at Ras Laffan could have significant ripple effects not only on Qatar’s economy but also on the global gas market.

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JPMorgan analyzed that a strike on Qatar’s major LNG facilities would inevitably deliver a severe shock to the economy.

According to Walter Bloomberg on the 20th (local time), JPMorgan projected 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 key role in the global energy supply chain.

Accordingly, disruptions at the facility could have significant ripple effects not only on Qatar’s economy but also on the global gas market.

Photo=Shutterstock
Photo=Shutterstock
JH Kim

JH Kim

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