European natural gas prices surged by as much as 35% on Thursday, following fresh attacks on energy infrastructure in the Middle East, including a major gas facility in Qatar.
The Dutch TTF contract, Europe’s main benchmark for natural gas, climbed to €74 before easing slightly and trimming part of its gains.
Strikes hit critical LNG infrastructure
According to reports, two waves of Iranian attacks caused extensive damage at Ras Laffan in Qatar, the world’s largest liquefied natural gas (LNG) hub.
The strikes have heightened concerns over the stability of global gas supply, particularly for European markets that remain sensitive to disruptions in LNG flows.
Supply fears ripple through markets
The developments come amid ongoing regional conflict, raising fears of prolonged instability affecting key energy corridors and production sites.
Market analysts warn that any sustained disruption at major facilities such as Ras Laffan could have immediate consequences for prices and energy security across Europe.
Source: CNA