Goldman Sachs has issued a warning about a potentially 'very painful' natural gas shock, comparable to past oil crises, due to long-term disruptions at Qatar's Ras Laffan LNG plant, a critical global export hub.
QatarEnergy has declared force majeure on some long-term liquefied natural gas contracts after Iranian attacks on its facilities reduced the country’s export capacity. Separately, Shell announced it has halted production at its Pearl GTL plant in Qatar following an Iranian attack, exacerbating concerns about energy supply disruptions.
The escalation of the Middle East conflict and damage to critical LNG infrastructure, including an attack on Qatar's Ras Laffan facility, are reshaping the global natural gas market, leading to increased prices, with European gas prices now rising due to these disruptions, prompting advice for private households.
Global oil and natural gas prices have surged to nearly $120 a barrel following escalating strikes on Middle East energy infrastructure, with Iran's attack on Qatar's Ras Laffan liquefied natural gas facility triggering a 35% gas price spike and analysts debating if prices could reach $166 a barrel if the war continues, intensifying fears of stagflation.
I prije se znalo da su iranski napadi na katarsko postrojenje Ras Laffan značajni, no ministar energetike te zemlje sada je iznio enormne brojke kad je u pitanju nastala šteta.
Qatar's Prime Minister Al-Thani, joined by Turkey's Foreign Minister, condemned Iran's attack on the Ras Laffan facility as a 'dangerous escalation' and urged immediate de-escalation, with Bahrain's king also calling Qatar's Amir to express condemnation of the Iranian aggression against Ras Laffan Industrial City.
Despite Hegseth's claims, US General Dan Caine did note that Iran still maintained "some capability" of launching strikes across the Gulf during the briefing.
Qatar's Ministry of Foreign Affairs issued an official notice to the Iranian Embassy, declaring the military and security attachés persona non grata and ordering them to leave the emirate within 24 hours following the attack on the Ras Laffan energy complex.
Following an Israeli attack on the South Pars natural gas field, Iran retaliated by striking Qatar's Ras Laffan Industrial City, the world's largest liquefied gas reserve. This security incident at the Qatari gas complex has caused immediate global market nervousness, with European gas prices surging to a three-year high and Brent crude surpassing $110 per barrel.
Saudi Arabia has intercepted four ballistic missiles launched towards Riyadh ahead of a foreign ministers' meeting, indicating ongoing regional threats and security concerns.
The Israeli Defense Forces (IDF) have reiterated a widespread evacuation warning for southern Lebanon, urging civilians to move north of the Zahrani River as air strikes continue.
QatarEnergy declared force majeure after an Iranian missile targeted an energy facility in Ras Laffan, prompting a halt in liquified natural gas production.
LNG buyers are actively searching for new deals in the United States market following Qatar's unexpected withdrawal due to the Iran War, specifically after attacks on the Ras Laffan LNG plant. This supply cut has forced countries like Bangladesh into the more costly spot LNG market.
A global energy watchdog reports over 40 Mideast energy sites have been heavily damaged by conflict, with an attack on the Ras Laffan natural gas facility in Qatar specifically worsening the energy crisis and potentially prolonging global supply disruptions.
An attack on the Ras Laffan natural gas facility in Qatar has intensified the ongoing energy crisis, with experts warning of long-lasting disruptions and a potential 'apocalypse' on energy markets.
Three weeks into the Iran war, tit-for-tat escalations have dragged the Middle East to the brink with Iran continuing to retaliate against Gulf energy infrastructure, prompting Italian Defence Minister Guido Crosetto to state that both sides were wrong to target these facilities.
Israel has launched a new wave of attacks on Iran, including fresh strikes on Tehran, as the US-Israel vs Iran conflict intensifies, impacting Gulf nations and global energy markets, with Netanyahu claiming victory.
Qatar's LNG capacity has reportedly been reduced by 17%, incurring a $20 billion loss following an incident at Ras Laffan, raising concerns about global impact.
Escalating attacks targeting Gulf energy assets, combined with Iran's missile strikes, disinformation, and cyberattacks against Israel, have plunged the Iran War into a new and more dangerous phase, raising concerns about regional stability and causing oil prices to hit nearly $110.
The Iran War has escalated with Israeli and US attacks on Iranian gas fields, followed by Iran's retaliation against Gulf energy infrastructure and an Israeli refinery. Saudi Arabia has warned Iran that trust with Gulf countries is 'completely destroyed,' citing an 'economic global war' where energy flows are used as weapons, further intensifying the conflict and causing global energy market shockwaves.
An analysis explores how energy facilities like South Pars and Ras Laffan have become targets, highlighting the escalating conflict and the strategic use of energy as a weapon in the Gulf.
Der Iran hat beim Angriff auf Ras Laffan die Anlage, die normalerweise ein Fünftel des weltweit geförderten Flüssiggases liefert, laut Katar schwer beschädigt. Jetzt droht Trump mit Rache.
WorldBBCnzztagesschau+14fazberlingskeDWrzeczpospolitatvn24index-hrTimes of Indiahindustan-times+6 more1mo ago17 sources
Iranian President Masoud Pezeshkian confirmed the death of intelligence minister Esmail Khatib, condemning it as a “cowardly assassination” after Israel reported killing him in a 'precise strike' in Tehran.
Το υπουργείο Εξωτερικών του Κατάρ δηλώνει ότι «διατηρεί το δικαίωμα να απαντήσει» στις ιρανικές πυραυλικές επιθέσεις που στόχευσαν τη βιομηχανική πόλη Ras Laffan.
The Ministry of Interior of Qatar announced that an Iranian attack caused a fire at the main natural gas facility on the emirate's northern coast.
Qatar: Fire at a large facility...
QatarEnergy has suspended the production of urea, polymers, and methanol following an interruption in liquefied natural gas (LNG) production and military attacks on its facilities in Ras Laffan and Mesaieed. This disruption has caused European gas prices to surge to a three-year high, with concerns about worsening supply.
Malaysian Prime Minister Anwar Ibrahim has firmly expressed his country's support for Qatar's sovereignty and strongly condemned an attack on the Ras Laffan LNG facility.
QatarEnergy CEO Saad Al-Kaabi had warned of risks before Iran's attack on Ras Laffan, an incident now seen as shattering the illusion of global gas abundance and impacting supply.
An attack on the Ras Laffan natural gas facility in Qatar has intensified the ongoing energy crisis, prompting advice for private households on how to secure their gas supply.
QatarEnergy CEO said he warned of risks before Iran’s attack on Ras Laffan. Qatar’s Minister for Energy Affairs and QatarEnergy CEO Saad Al-Kaabi said he had repeatedly warned U.S.
Air strikes hit Tehran as Iranians mark Nowruz, the Persian New Year, with Israel reportedly attacking the capital. Qatar's energy minister stated that the country's liquefied natural gas export capacity will decrease due to an Iranian attack on the Ras Laffan facility.
Iran has attacked Ras Laffan, Qatar's industrial city and a global gas hub, which was previously thought to be safe from the conflict, raising concerns about the war's influence on global energy markets.
"As persistentes alegações iranianas de que os ataques visam interesses americanos não podem ser aceites", diz chefe da diplomacia de Doha, sublinhando que o ataque a Ras Laffan "prova-o claramente".
Η επίθεση του Ιράν στο συγκρότημα LNG Ras Laffan του Κατάρ, το μεγαλύτερο στον κόσμο, έχει επικεντρώσει την προσοχή στους κινδύνους για τον εφοδιασμό με φυσικό αέριο, συμπεριλαμβανομένων των…
The recent attack on Qatar’s energy infrastructure in Ras Laffan is viewed as detrimental for India, as several Indian firms hold long-term gas supply contracts with Qatar, potentially impacting their commercial interests.
Worldle-mondenrksvenska-dagbladet+14France 24tvn24hinduTimes of Indiahindustan-timesindian-expressklix-banaftemporiki+6 more1mo ago17 sources
Qatar has declared Iranian attaches 'persona non grata' after a missile strike caused significant damage to its Ras Laffan industrial city, an incident that has also contributed to rising oil prices. This follows Qatar's foreign ministry ordering two Iranian diplomats to leave the country after an attack on its massive natural gas facility.
Asian technology stocks fell on Thursday as Iran's latest attacks on Qatar's Ras Laffan Industrial City and a surge in oil prices rattled investor sentiment.
The planes, two Su-24 tactical bombers, had been targeted at two important sites: The al-Udeid Air Base, where approximately 10,000 US soldiers are housed, and Ras Laffan, a gas processing facility.
Marrakech – QatarEnergy suspended liquefied natural gas production on Monday after Iranian drones struck facilities at the country’s two main gas processing bases, sending European gas prices soaring…