March 2, 2026

QatarEnergy Halts LNG Production After Attacks, European Gas Prices Jump 45 Percent

The move could disrupt nearly 20 percent of global supply and jolt gas markets after major site hit by Iranian drones.

QatarEnergy Halts LNG Production After Attacks, European Gas Prices Jump 45 Percent

TL;DR

  • QatarEnergy halted LNG production following military attacks on its facilities.
  • The company has facilities in Ras Laffan Industrial City and Mesaieed Industrial City.
  • QatarEnergy is the world's largest single LNG producer.
  • The production halt could affect close to 20 percent of global LNG supply.
  • European gas prices rose by as much as 45 percent after the announcement.

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