Israeli strikes on Iran's South Pars gas field damaged key infrastructure, prompting counterstrikes from Iran on Gulf energy hubs, including Qatar's Ras Laffan LNG complex.
The South Pars gas field, spanning 9,700 sq km, is the world's largest and is shared by Iran and Qatar. It is called South Pars on the Iranian side and North Field or North Dome on the Qatari side.
Iran relies on the field to meet its domestic energy requirements, while Qatar uses it for global LNG exports. The damage could intensify domestic energy crises in Iran and disrupt global gas supplies.
Ras Laffan is Qatar's core LNG processing hub and a critical part of the global gas supply. The attacks sent shockwaves through global energy markets, with oil prices surging and European gas jumping about 7%.
Qatar's LNG exports account for roughly a fifth of the world's global supply, and analysts warn that any sustained disruption could raise global gas prices. India, which sources about 47% of its total natural gas imports from Qatar, is likely to be impacted by any disruption at Ras Laffan.
