Qatar says the LNG plant explosion was an accident, not aggression

Qatar's energy minister reports that 18 workers were killed at the enormous Ras Laffan LNG complex as it was restarting following the war. A portion of the facility was bombed by Iran during the war and that will take years to repair, leaving it at 80% capacity for an extended period.

This was an accident though, the energy minister said and not due to aggression or sabotage. In terms of damages and operations, he said he doesn't yet have an answer but it will take some time to assess.

The explosion and damages are likely to further tighten the global LNG market at a vulnerable time. TTF prices have ticked up but not materially and are well below the peaks of the war.

In other news, the US issued the waiver for Iranian oil sales.

This article was written by Adam Button at investinglive.com.