Qatar’s Prime Minister, Sheikh Mohammed bin Abdulrahman Al Thani, warned at the Qatar Economic Forum in New York that the US-Israel military campaign against Iran poses a generational economic threat to Gulf states. Qatar faces a projected 8.6% GDP contraction in 2026, the steepest among Gulf states, with roughly $20 billion in annual revenue at risk. Production at the Ras Laffan LNG facilities, among the largest in the world, has already been reduced by 17% due to war-related disruptions. Doha announced the creation of the Doha Investment platform, a new $60 billion sovereign investment vehicle over five years aimed at diversifying the Qatari economy away from the energy sector, including $38.5 billion for infrastructure projects via public-private partnerships and $22.5 billion for real estate and hospitality development. These disruptions are tightening LNG supply for European and Asian buyers who were relying on Qatari volumes.
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