This is likely the largest LNG shutdown, an unplanned outage in the history of the industry. The Ras Laffan complex provides 20% of global LNG supply.

If this lasts weeks, months, you're going to see an energy crisis in the developing world and higher prices in the developed world as they vie for limited spare capacity.

There is not enough capacity outside Qatar to offset 20% of the global market. The gas market has been running all out since Russia's invasion of Ukraine.

People will be fighting for American LNG. US LNG might be the big winner.