After the Strikes: What Next for Qatar, Iran and the World’s Largest Gas Field?

AI Summary

Strikes on Qatar’s North Field and Iran’s South Pars gas fields have taken offline a significant portion of global gas capacity, affecting 25% of worldwide reserves and 10% of production. This disruption has deep implications for LNG markets, buyer behavior, and long-term energy security amid a Middle East conflict.

The 2026 Middle East conflict has struck at the centre of the global gas system. Strikes on Qatar’s North Field and Iran’s South Pars have taken capacity offline across a resource base that holds 25% of the world’s gas and supplies 10% of global production, creating cascading implications for LNG markets, buyer behaviour, and long-term ...