LONDON: Benchmark Dutch and British wholesale gas prices soared by almost 50 percent on Monday, after major liquefied natural gas exporter Qatar Energy said it had halted production due to attacks in the Middle East. Qatar, soon to cement its role as the world’s second largest LNG exporter after the US, plays a major role in balancing both Asian and European markets’ demand of LNG.

As noted, 20% of global LNG supplies pass through the Strait of Hormuz, and after its closure, they were effectively blocked

Experts have warned that a prolonged conflict could push global energy prices even higher.

DOHA: Qatar’s state-run energy firm said on Monday it had halted liquefied natural gas production following Iranian attacks on facilities at two of its main gas processing bases.…

LONDON: Benchmark Dutch and British wholesale gas prices soared by almost 50 percent on Monday, after major liquefied natural gas exporter Qatar Energy said it had halted…

Europe and Asia will take an economic hit if the supply of Qatari LNG is halted by the closure of the strait of Hormuz

Die Preise für Öl und Gas steigen deutlich. Der Hauptexporteur von Flüssiggas, Qatar, fällt vorerst aus. Je länger der Krieg dauert, desto härter könnte es Europa treffen.

Qatar supplies 20 percent of the world's LNG. If that's off the table, countries must scramble for the remaining gas.

European gas prices soared on Monday. While Asia faces the greatest threat from supply disruptions, Europe is also vulnerable as its reserves reach historic lows.

The gas price growth since the beginning of the day has exceeded 30%

Disruption to LNG supplies could dent European growth and harm reindustrialization ambitions.

RIYADH: Qatar’s temporary halt in liquefied natural gas output has become the most immediate energy-market shock from the US–Iran war, tightening global supply expectations and…

OSLO: Dutch and British gas prices were slightly lower on Wednesday morning, after soaring earlier this week, but could remain volatile as the market tries to gauge how long…