Gas prices soar as QatarEnergy halts LNG production after Iran attacks

Al JazeeraCenterEN 4 min read 100% complete by Al Jazeera StaffMarch 2, 2026 at 02:19 PM

AI Summary

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On March 2, 2026, QatarEnergy halted liquefied natural gas (LNG) production following drone attacks on its facilities in Ras Laffan Industrial City and Mesaieed Industrial City, Qatar. The Qatari Defence Ministry attributed the attacks to Iran, stating that two drones targeted a water tank and an energy facility. Simultaneously, Saudi Arabia temporarily shut down units at the Ras Tanura oil refinery after a drone attack caused a fire. The Saudi Ministry of Defence reported that two drones attempted to attack the refinery, resulting in limited damage and no casualties. As a result of the production halt in Qatar, natural gas prices in Europe soared by almost 50 percent.

Key Entities & Roles

Key Player Opposition Context

Al Jazeera 30% Mesaieed Industrial City ×250% Saudi Ministry of Defence 50% Ras Laffan Industrial City ×260% Europe 60% Ras Tanura oil refinery ×370% Saudi Arabia ×270% Qatar ×480% Iran ×380% QatarEnergy ×490%

Keywords

gas prices 90% iranian attacks 80% lng production 80% qatarenergy 70% drone attack 70% ras tanura 60% oil refinery 60% natural gas 50% energy facility 50% military attacks 40%