European gas prices, already rising sharply this morning, soared after Qatar’s state-owned energy company, QatarEnergy, announced a halt in LNG production due to an Iranian drone attack.
Around 12:30 p.m. in Lisbon, the Dutch TTF futures contract, considered the European benchmark, showed an increase of over 39%, reaching €44.605, after hitting its highest level since March 2025 at €46.200 (+44.56%).
QatarEnergy stated that it had stopped production of liquefied natural gas (LNG) due to Iranian attacks on two of its main gas processing sites.
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“Due to military attacks on QatarEnergy facilities in the Ras Laffan and Mesaieed industrial zones in Qatar, QatarEnergy has ceased production of liquefied natural gas (LNG) and related products,” the company said in a statement.
