00:00Qatar, the state-owned petroleum company Qatar Energy, has stopped its liquefied natural gas production following a retaliatory Iranian strike
00:09in the industrial district of Doha on Sunday.
00:12In a press release shared on Monday, the company announced it ceased the production of LNG and related products as
00:20its operational facilities in the industrial cities of Ras La Fan and Masayed.
00:26The new forces buyers to compete for supplies elsewhere.
00:30Moreover, the action has reportedly caused the surge of European gas prices to over 50%.
00:37The benchmark Dutch TTF Future Contracts, Europe's main gas price indicator, rose by more than 48%, its highest level since
00:49February 2025.
00:51Qatar Ministry of Defense had earlier reported that the strikes on the energy facilities had no casualties, while the company
00:59did not reveal the extent of the damage caused to the infrastructure.
Comments