Qatar Halts LNG Output After Iranian Attacks, Europe Gas Prices Soar 50%

• QatarEnergy suspended LNG production at Ras Laffan and Mesaieed industrial cities following Iranian drone attacks on its facilities.
• The halt in output by Qatar, a producer of 20% of global LNG, sent shockwaves through energy markets.
• European gas prices surged by nearly 50%, with Dutch futures market benchmark prices jumping over 40% after the announcement.
• Iranian drones targeted an energy facility at Ras Laffan and a water tank at a power plant in Mesaieed.
• Qatar has long-term LNG supply agreements with major global buyers including Total, Shell, India’s Petronet, Sinopec, and Eni.