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Gas prices rocket as Qatar halts production after Iranian attacks
Derby Telegraph
|March 03, 2026
GAS prices have leapt at the fastest pace since the outbreak of war in Ukraine, after Qatar halted production of liquefied natural gas after attacks by Iran.
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European whole gas prices soared by 52% on Monday, marking the sharpest rise since prices were pushed dramatically higher by the Russian invasion of Ukraine in March 2022.
The surge came after Qatar's state-backed energy company QatarEnergy said it “ceased production” because of attacks on its facilities.
Qatari ministers had said earlier that an Iranian drone had attacked one of the company's production facilities.
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