Qatar halts LNG output after attack; European gas jumps as much as 45%

QatarEnergy halted LNG production tied to the North Field after an attack on its facilities during escalating Middle East conflict. European gas prices rose by as much as 45% in early trading on March 2, 2026, with the Dutch TTF benchmark reaching around EUR 46/MWh. The move showed how exposed Europe was to a single Gulf exporter.

• QatarEnergy halted LNG production after an attack on its facilities
• European gas up as much as 45% in early trading
• Dutch TTF around EUR 46/MWh