Gas Prices In Europe Surge Nearly 50% After Qatar, Producer Of 20% Of Global LNG, Halts Output

Gas Prices In Europe Surge Nearly 50% After Qatar, Producer Of 20% Of Global LNG, Halts Output

Last Updated:March 02, 2026, 7:01 PM IST European gas prices jumped after the suspension at Ras Laffan and Mesaieed, key nodes in Qatar’s LNG export network. Iranian drone strikes on major processing facilities like Ras Laffan (pictured above) forced QatarEnergy to suspend output, rattling energy markets. (IMAGE: REUTERS FILE) QatarEnergy said on Monday it has…

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