Global LNG Supply & Shipping Tracker: Another explosion at Ras Laffan

Research evidence excerpt

Global LNG Supply & Shipping Tracker: Another explosion at Ras Laffan

J P M O R G A N Global Markets Strategy

22 June 2026

Global LNG Supply & Shipping

Tracker

Another explosion at Ras Laffan

Qatar Energy announced an operational incident at Ras Laffan Industrial City, an Global Commodities Research

explosion and fire at Barzan gas facility. According to the official statement, the Otar Dgebuadze, CFA

incident occurred during the start-up operations. Unfortunately, the incident (44-20) 3493-8246

resulted in a casualty of 13 and injured 66 people, according to the latest comments otar.dgebuadze@jpmorgan.com

by the CEO. Barzan gas plant processes gas from the same supergiant offshore J.P. Morgan Securities plc

North Field, however, it is used primarily for the domestic market, including as Aradhaya Makkar

feedstock for adjacent industries and for power generation (Figure 1). Unlike the aradhaya.makkar@jpmchase.com

J.P. Morgan India Private Limited

first incident at the site which damaged two of the 14 LNG liquefaction trains, the

direct impact on LNG infrastructure from this event is rather limited (Global LNG

Analyzer: Flash Note: Thoughts on Ras Laffan 2.0, 19 March 2026). This was also

echoed by the CEO in his latest comments that the incident will not affect the

exports. Importantly, this incident was confirmed as an accident, unlike the one in

early March, which was a result of Iranian attacks.

Figure 1: Selected area of Ras Laffan Industrial City

Source: Wood Mackenzie, Press Reports, J.P. Morgan Commodities Research

Despite the limited direct impact on LNG infrastructure, we think the incident once

again highlights the physical and logistical complexities of restarting operations

and re-establishing supply chains of such scale. Accordingly, we maintain our view