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Gas Prices Surge After Attack on Qatari Facility

Published March 19, 2026, 10:09
Gas Prices Surge After Attack on Qatari Facility

European natural gas prices jumped 35% following attacks on energy infrastructure in the Middle East, including an Iranian attack on the world's largest liquefied natural gas production facility in Qatar. QatarEnergy announced significant damage to the Ras Laffan facility, raising fears about international energy supplies. Despite the announcement that fires were brought under control, the situation remains concerning. Attacks also occurred at refineries in Kuwait. Donald Trump threatened retaliation if Iran attacks Qatari facilities again.