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News India Live, Digital Desk: The war that broke out in the Middle East is now about to reach the kitchens of the world. The ongoing tension between Iran and Israel took a dangerous turn when Iran… Ras Laffan A massive missile attack was carried out on the industrial city. This attack is not a simple military strike, but a direct attack on the world’s ‘energy lifeline’.
World’s largest LNG hub on target
Qatar’s Ras Laffan is the world’s largest liquefied natural gas (LNG) export hub. Qatar Energy has confirmed that the missile attack caused a massive fire in a large part of the plant and caused massive structural damage. It is a matter of relief that no one died, but this attack has set gas prices on fire in the global market.
Why did alarm bells ring for India?
India fulfills its total LNG requirement of approx. 47% share from Qatar alone Imports.
LPG shortage: If supply from Ras Laffan is disrupted for a long time, there could be a shortage of domestic and commercial LPG cylinders in India.
Inflation shock: Crude oil (Brent Crude) has already crossed $110. Experts believe that every $1 increase in crude oil increases India’s import bill by ₹16,000 crore.
Shipping Route Block: Iran’s Revolutionary Guards (IRGC) ‘Strait of Hormuz’ Has been made unsafe. More than 22 Indian ships are currently stranded in the Gulf, carrying millions of tonnes of crude oil and gas.
beginning of economic war
Till now this fighting was limited only to military bases, but now it ‘Economic War’ Has changed to. Iran has clearly warned that if its ‘South Pars’ gas field is attacked, it will also target the oil wells of Saudi Arabia and UAE.
In response, Qatar has adopted a tough stance and ordered the Iranian embassy officials to leave the country within 24 hours (Persona Non Grata). US President Donald Trump has also warned that if the attacks on Qatar’s infrastructure do not stop, the consequences will be very bad.