Iran’s drone strikes forced Qatar to shut down major LNG production

Iran’s drone attacks forced Qatar to stop Liquefied Natural Gas (LNG) production On Monday, global energy markets were jolted and fears of supply disruptions rose as Tehran escalated attacks on regional infrastructure.

Qatar Energy, the state-owned giant and one of the world’s largest LNG producers, suspended operations at two facilities after a drone launched from Iran hit the site, according to reports.

Qatar’s Ministry of Defense also statement, That Hit the two drone facilities in the country, though no casualties were reported.

The attacks also targeted a water tank at a power plant in Mayside and a power plant in Ras Laffan.

Qatar suspends liquefied natural gas operations after Iranian drone strikes at facilities

Qatar’s Ras Laffan complex is the world’s largest LNG export facility, making it one of the world’s most critical energy hubs.

About 20% of global LNG trade made the transition Strait of Hormuz in 2024, mainly from Qatar, according to US Energy Information Administration.

Markets reacted on Monday Europe’s benchmark natural gas futures Increase by the largest margin since the 2022 energy crisis due to the Ukraine war, Bloomberg Reported.

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People gather as smoke billows over an industrial area following reports of Iranian missile strikes following an attack by the United States and Israel on Iran on March 1, 2026, in Doha, Qatar. (Reuters/Mohammed Salem)

Bloomberg also reported that the Dutch TTF jumped 50% after news of the shutdown in natural gas prices. Asian LNG Prices Profits were also reported as traders tried to gauge the magnitude and length of the disruption.

“Security of supply is at risk and it is now,” Simone Tagliapietra, an analyst at Bruegel, told Bloomberg. “The extent of that will depend on the duration of the shutdown, but we are now in a new situation.”

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In Saudi Arabia, Another drone attack took place A fire at the state’s Ras Tanura oil refinery also forced a partial shutdown there.

Saudi officials have not reported any casualties, but the reports have raised fears that the attack could lead to wider instability in the Gulf energy corridor.

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