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LNG buyers are actively searching for new deals in the United States market following Qatar's unexpected withdrawal from the market due to the Iran War, specifically after attacks on the Ras Laffan LNG plant, impacting global supply dynamics.
The Iran War has escalated with Israeli and US attacks on Iranian gas fields, followed by Iran's retaliation against Gulf energy infrastructure and an Israeli refinery. Saudi Arabia has warned Iran that trust with Gulf countries is 'completely destroyed,' citing an 'economic global war' where energy flows are used as weapons, further intensifying the conflict and causing global energy market shockwaves.
Qatar has reported significant damage at the site of its Ras Laffan LNG plant, though specific details of the incident were not immediately available.