Qatar has halted liquefied natural gas (LNG) production following strikes on its energy facilities, according to international reports.
The Gulf nation, which accounts for around 20 percent of global LNG exports, suspended output at key industrial sites amid escalating regional tensions.
The disruption has triggered concerns in global energy markets, with gas prices reacting to fears of supply shortages.
Shortly after the announcement, benchmark Dutch and British wholesale gas prices soared by almost 50 percent, while benchmark Asian LNG prices jumped almost 39 percent.
Qatari authorities have not yet announced a timeline for the resumption of operations.
(Soure:Newswire)
Leave your comments
Login to post a comment
Post comment as a guest