"European natural gas prices surged by around a third on Thursday morning, one of the biggest single day moves ever. Prices shot up after Iranian missile strikes on the world's largest liquefied natural gas export plant in Qatar."
"The damage in Qatar and earlier in a neighbouring Iranian field means analysts are now assessing longer term disruption to supplies, even if the war in Iran ends quickly."
European natural gas prices experienced one of their largest single-day increases, rising by approximately one-third following Iranian missile strikes targeting Qatar's world-leading liquefied natural gas export plant. The strikes caused damage to Qatar's facilities and an adjacent Iranian field, prompting analysts to evaluate potential longer-term disruptions to global gas supplies. Even if the conflict between Iran and other nations concludes quickly, the infrastructure damage suggests sustained supply challenges may persist, creating uncertainty in energy markets and affecting natural gas availability across Europe.
Read at Irish Independent
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