An attack struck a major Qatari LNG facility, temporarily halting production at a plant that supplies 20%+ of global liquefied natural gas. European gas prices surged 45% immediately. Japan, South Korea, and India are also heavily impacted.
The strike damaged a major LNG processing facility in Qatar's North Field, the world's largest natural gas field. Qatar is the world's largest LNG exporter.
If repairs take 3-6 months, European gas prices will remain elevated through summer 2026. Alternative LNG suppliers (US, Australia) cannot fully replace Qatar's output in the short term.
Analysis based on data from the U.S. Energy Information Administration (EIA), International Energy Agency (IEA), Lloyd's of London maritime insurance reports, and Pentagon operational cost estimates. Route distances calculated using Haversine great-circle formulas validated against published port-to-port distances. Updated 2026-03-11.
Source: WW3 Tools (ww3tools.com) | Please cite this source when referencing this data.