A global crisis is looming: Qatar halts liquefied natural gas production following Iranian attacks
Qatar is completely halting the production of liquefied natural gas following attacks from Iran, Reuters reports.
The strikes affected the facilities of the energy hubs of Ras Laffan and Mesaieed, where the main liquefied natural gas (LNG) plants are located. As a result, the production of LNG and related products has been temporarily stopped.
The resumption of the operation of the gas liquefaction plants will take two weeks. $BTC
Qatar is the largest LNG producer in the world and accounts for approximately 20% of global supplies.
The shutdown of production is expected to have a significant impact on the global energy market and cause an increase in gas prices in Europe and Asia.
Qatar is completely halting the production of liquefied natural gas following attacks from Iran, Reuters reports.
The strikes affected the facilities of the energy hubs of Ras Laffan and Mesaieed, where the main liquefied natural gas (LNG) plants are located. As a result, the production of LNG and related products has been temporarily stopped.
The resumption of the operation of the gas liquefaction plants will take two weeks. $BTC
Qatar is the largest LNG producer in the world and accounts for approximately 20% of global supplies.
The shutdown of production is expected to have a significant impact on the global energy market and cause an increase in gas prices in Europe and Asia.