Iran’s energy strike on Qatar destroyed the world’s largest gas plant, $20 billion loss and 5 years of deep crisis.

News India Live, Digital Desk: The ongoing tension in the Middle East has taken its most frightening turn so far. Iran has shaken the energy security of the entire world by attacking Qatar’s huge LNG infrastructure. In this attack, 17% of Qatar’s total gas production capacity has been completely reduced to debris. According to initial estimates, Qatar has suffered a huge economic loss of about 20 billion US dollars. Ground Zero of the attack: Ras Laffan. The target of the attack became Qatar’s ‘Ras Laffan’ industrial city, which is considered to be the world’s largest LNG complex. Massive devastation: The head of QatarEnergy has confirmed that important parts of the plant have been ‘irreparably damaged’. 5 years of exile: Experts and officials It is said that it may take a long time of at least 3 to 5 years for the plant to return to its full capacity. What will be its impact on India? This news is no less than a big shock for India, because India buys almost half of its requirement of LNG (more than 47%) from Qatar only. Disruption in the supply chain: Qatar has indicated to implement ‘Force Majeure’, which means that it is now under the agreements. Will not be able to guarantee gas supply. CNG and electricity will be expensive: Due to shortage of gas, there can be a huge jump in the prices of CNG, PNG and fertilizers in India. ‘Gas war’ broke out between Iran and Israel. This attack is being considered as a counterattack to the attacks on Iran’s gas fields by Israel. Danger of the Strait of Hormuz: After this attack, the Gulf of Hormuz Tension is at its peak in the Strait of Hormuz, through which one-third of the world’s marine gas trade passes. Global outcry: China, South Korea and many European countries, which are dependent on Qatar, are now looking for alternative sources of energy.