

Arnaud Bertrand
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@RnaudBertrand
Entrepreneur. Previously HouseTrip (sold to TripAdvisor), now https://t.co/C4SmZQ8bl6 Subscribe if you like what I write





QatarEnergy Statement on Missile Attacks on Ras Laffan Industrial City QatarEnergy confirms that Ras Laffan Industrial City this evening has been the subject of missile attacks. Emergency response teams were deployed immediately to contain the resulting fires, as extensive damage has been caused. All personnel have been accounted for and no casualties have been reported at this time. QatarEnergy will continue to communicate the latest available information. #Qatar

'What the US is doing at the moment is degrading that capability of Iran, and I think that's very important,' NATO Secretary General Mark Rutte said, backing US-Israeli strikes on Iran

I was, unfortunately, in the right ballpark: Qatar Energy just announced they may have to declare Force Majeure on long-term contracts **FOR UP TO FIVE YEARS**. As I wrote, we're deep into worst-case scenario territory.

Bessent himself said it 👇 It's just too good, going to war against Iran and the outcome 3 weeks into it is they remove sanctions on Iranian oil. No scenarist could have written that one 😅 x.com/i/status/20346…

I was, unfortunately, in the right ballpark: Qatar Energy just announced they may have to declare Force Majeure on long-term contracts **FOR UP TO FIVE YEARS**. As I wrote, we're deep into worst-case scenario territory.

I hate to be the bearer of bad news but if infrastructure like this 👇 gets blown up, as of this moment it will take at least a decade to recover from this war - and the truth is that the world's energy picture is probably changed forever. This single facility 👇produced roughly 20% of global LNG supply (aljazeera.com/news/2026/3/18…) and, as of 2011, had taken $70 billion to build (energyintel.com/0000017b-a7be-…). What makes this even worse is that Iran's strike on this was retaliation after Israel attacked their South Pars gas field which draws from the same natural gas reservoir, which is the world's largest by far (9,700 km² - about the size of Qatar itself). Heck, on the list of the 25 largest natural gas fields (en.wikipedia.org/wiki/List_of_n…) this single reservoir holds roughly 40% of their combined recoverable reserves - and is nearly 6 times bigger than the 2nd biggest field in the world. And, unlike many of the others on the list, it's only at 10% depletion (meaning 90% of the gas is still there). Which means that, probably for many years, a huge share of the gas from the world's largest reservoir simply won't be extractable, as infrastructure on both sides - Qatar's and Iran's - has now been blown up. From a global energy supply perspective, we're deep into worst-case scenario territory.

I was, unfortunately, in the right ballpark: Qatar Energy just announced they may have to declare Force Majeure on long-term contracts **FOR UP TO FIVE YEARS**. As I wrote, we're deep into worst-case scenario territory.



I was, unfortunately, in the right ballpark: Qatar Energy just announced they may have to declare Force Majeure on long-term contracts **FOR UP TO FIVE YEARS**. As I wrote, we're deep into worst-case scenario territory.

@Cernovich The world doesn’t even have the steel supplies to rebuild this stuff quickly. It’s not regular steel. It’s all superduplex etc. This isn’t a virus, there’s no V shaped recovery from destroying global energy infrastructure.


I hate to be the bearer of bad news but if infrastructure like this 👇 gets blown up, as of this moment it will take at least a decade to recover from this war - and the truth is that the world's energy picture is probably changed forever. This single facility 👇produced roughly 20% of global LNG supply (aljazeera.com/news/2026/3/18…) and, as of 2011, had taken $70 billion to build (energyintel.com/0000017b-a7be-…). What makes this even worse is that Iran's strike on this was retaliation after Israel attacked their South Pars gas field which draws from the same natural gas reservoir, which is the world's largest by far (9,700 km² - about the size of Qatar itself). Heck, on the list of the 25 largest natural gas fields (en.wikipedia.org/wiki/List_of_n…) this single reservoir holds roughly 40% of their combined recoverable reserves - and is nearly 6 times bigger than the 2nd biggest field in the world. And, unlike many of the others on the list, it's only at 10% depletion (meaning 90% of the gas is still there). Which means that, probably for many years, a huge share of the gas from the world's largest reservoir simply won't be extractable, as infrastructure on both sides - Qatar's and Iran's - has now been blown up. From a global energy supply perspective, we're deep into worst-case scenario territory.

China Hoped Trump Summit Would Cement Its Superpower Status. Now Xi Has to Wait. The president’s postponement of planned meeting signals that the U.S.—not Beijing—still sets the global agenda @Lingling_Wei wsj.com/world/china/ch… wsj.com/world/china/ch…



.@SecScottBessent: In the coming days, we may unsanction the Iranian oil that's on the water. It's about 140 million barrels, so depending how you count it, that's 10 days to 2 weeks of supply, that the Iranians had been pushing out, that would have all gone to China. In essence, we'd be using the Iranian barrels against the Iranians to keep the price down for the next 10 or 14 days, as we continue this campaign. So, we have lots of levers.