War Flips LNG Surplus Narrative, Morgan Stanley Says

The Middle East war and the resulting production halt at the world’s second-largest LNG exporter, Qatar, are erasing the projected glut of the fuel that was expected before the region was set on fire, according to Morgan Stanley. Qatar’s state energy firm QatarEnergy last week halted LNG production at its Ras Laffan hub, the world’s largest LNG complex, and later issued force majeure notices to buyers, following a drone attack at the facility and the all but halted tanker traffic through the Strait of Hormuz. …