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.

A plume of smoke rises from a reported Iranian strike in the industrial district of Doha on March 1, 2026. Photo by Mahmud HAMS / AFP via Getty Images

QatarEnergy said it halted LNG production after military attacks on key facilities, sending European gas prices rising by as much as 45 percent.

“Due to military attacks on QatarEnergy’s operating facilities in Ras Laffan Industrial City and Mesaieed Industrial City in the State of Qatar, QatarEnergy has ceased production of liquefied natural gas (LNG) and associated products,” the company said in a March 2 post on X.