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Gulf Tensions Halt Qatar LNG, Saudi Refinery; Europe Gas Prices Soar 45%
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Gulf Tensions Halt Qatar LNG, Saudi Refinery; Europe Gas Prices Soar 45%
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News18
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02-03-2026, 21:34
Gulf Tensions Halt Qatar LNG, Saudi Refinery; Europe Gas Prices Soar 45%
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Natural gas prices in Europe surged by 45% in a single day due to escalating military tensions in the Gulf region.
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QatarEnergy temporarily halted LNG production after military attacks on its key industrial centers, Ras Laffan and Mesaieed.
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Saudi Aramco shut down its crucial Ras Tanura Refinery as a precautionary measure following a drone attack.
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Europe's benchmark gas index, the Dutch TTF contract, climbed above 46 Euros per megawatt-hour.
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The escalating conflict in the Gulf region threatens further increases in global gas and oil prices, impacting consumers.
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