London, March 2 (SANA) – European natural gas prices surged by more than 50% on Monday after QatarEnergy announced the suspension of liquefied natural gas (LNG) production following an Iranian attack on its energy facilities.
According to Agence France-Presse (AFP), the benchmark Dutch TTF futures contract — Europe’s main gas price indicator — rose by more than 48% to €47.32 per megawatt-hour, its highest level since February 2025, when prices reached €47.70.
Despite the sharp increase, prices remain significantly below the peaks recorded in 2022 at the start of the Ukraine war, when gas prices exceeded €300 per megawatt-hour.
Qatar’s Ministry of Defense had earlier reported that two energy facilities were targeted by Iranian drones without causing casualties. QatarEnergy subsequently announced a halt to LNG production and related operations at its Ras Laffan and Mesaieed facilities following the attacks.
