Institute for Climate and Sustainable Cities PRESS RELEASE QUEZON CITY, 20 March 2026 — Rising tensions in the Middle East have caused extensive damage and have disrupted operations of Qatar’s Ras Laffan LNG facility, the world’s largest liquefied natural gas (LNG) export hub. For the Philippines, this can potentially result in higher electricity prices and supply issues both in the short and long term, highlighting the country's heavy reliance on imported fuel. LNG is traded in a highly interconnected global market where prices respond to geopolitical shocks, supply chain disruptions, seasonal demand swings, and policy [...]