This is a pretty significant hit to natural gas and will significantly cut Qatar's income while boosting other producers like the USA, Russia, Norway, Australia and Canada:
>State-owned QatarEnergy may have to declare force majeure on long-term contracts for up to five years for LNG supplies bound for Italy, Belgium, South Korea, and China due to the two damaged trains, Kaabi said.
The inflation that we are about to get will severely hamstring the EU joint borrowing plans. If rates are above 4% the fiscal capacity will not be where it needs to be.
https://en.wikipedia.org/wiki/List_of_countries_by_natural_g...
And remember that Iran's natural gas infrastructure was also hit yesterday. Thus there are two separate new supply constraints.
The inflation that we are about to get will severely hamstring the EU joint borrowing plans. If rates are above 4% the fiscal capacity will not be where it needs to be.