Global Gas Markets Shocked as Qatar Ceases LNG Production

Qatar’s state-owned energy giant QatarEnergy has stopped all liquefied natural gas (LNG) production, shutting down the country’s entire LNG output after Iranian drone strikes hit its major facilities at Ras Laffan and Mesaieed. The shutdown removes roughly 20% of the world’s LNG supply from the market and sends ripples through already volatile global energy markets. QatarEnergy said in a statement on its website Monday that “due to military attacks on QatarEnergy’s operating facilities in Ras Laffan Industrial City…