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Damage to a critical Qatari facility is threatening to keep energy prices high around the world even if the war in Iran ends soon in what some analysts are calling an “Armageddon” situation.
Qatar’s Las Raffan plant supplies a fifth of the world’s liquefied natural gas, which is used for electricity, heating and cooking – but Iranian strikes have damaged the facility, worsening what is already the largest-ever energy supply disruption. //
Qatar’s Las Raffan site is almost three times the size of Paris. It took three decades to build, cost hundreds of billions of dollars and chills enough gas to meet the annual demand of the UK and Italy combined.