Overview
- QatarEnergy confirmed it stopped LNG and associated output and issued force majeure notices to buyers with no timeline for resumption.
- The halt followed reported Iranian strikes on facilities linked to Ras Laffan and Mesaieed as shipping through the Strait of Hormuz largely stalled.
- Downstream production of urea, polymers, methanol and aluminium in Qatar was also shut, tightening petrochemicals and industrial feedstock supply.
- European gas prices jumped about 52 percent and oil rose roughly 20 percent this week as traders priced in a prolonged Gulf supply disruption.
- India faces acute exposure with roughly 40–46 percent of its LNG imports sourced from Qatar, and Petronet LNG reported issuing force majeure as insurers curtailed cover on key routes.