Qatar's liquefied natural gas supply reportedly knocked down 17% by Iran.

The CEO of Qatar Energy Company stated that recent attacks by Iran have damaged production facilities, impacting the country's liquefied natural gas export capacity by around 17%. According to Reuters, CEO Saad al-Kaabi said that repairs will take three to five years. Escalation of the conflict has caused a sharp increase in natural gas prices, with European natural gas futures contracts soaring 35% in early trading on Thursday, doubling prices from before the conflict. This surge also highlights the long-term inflation risks brought by the Middle East conflict entering its third week. Qatar Energy Company said that an Iranian missile caused serious damage to the world's largest liquefied natural gas plant at the Ras Laffan gas field.