{"id":528858,"date":"2026-03-11T10:19:11","date_gmt":"2026-03-11T10:19:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/528858\/"},"modified":"2026-03-11T10:19:11","modified_gmt":"2026-03-11T10:19:11","slug":"qatars-lng-shutdown-sends-shockwaves-through-global-gas-markets","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/528858\/","title":{"rendered":"Qatar\u2019s LNG Shutdown Sends Shockwaves Through Global Gas Markets"},"content":{"rendered":"<p class=\"speakable\">QatarEnergy\u2019s shutdown of its LNG production complex has resulted in a streak of five days with zero shipments of the superchilled fuel, according to Kpler data <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2026-03-11\/qatar-s-lng-export-halt-extends-to-longest-since-at-least-2008\" rel=\"nofollow noopener\" target=\"_blank\">cited<\/a> by Bloomberg.<\/p>\n<p>This is the longest period with no Qatari LNG leaving the country since 2008, the publication noted, adding no LNG carrier has passed the Strait of Hormuz since February 28. That includes vessels normally exporting liquefied gas from the UAE, meaning 20% of the world\u2019s LNG exports are gone.<\/p>\n<p>QatarEnergy \u2014 the state-owned energy giant responsible for all of the country\u2019s liquefied natural gas exports \u2014 announced a complete halt to LNG production after Iranian drone strikes hit facilities at Ras Laffan Industrial City and Mesaieed Industrial City. This happened on March 2. A force majeure declaration followed on QatarEnergy exports.<\/p>\n<p><a href=\"https:\/\/www.amazon.com\/Roughnecks-Riches-Start-Up-American-Fracking\/dp\/B0FCDBHGSW\" class=\"charts_banner_clicked charts_banner_add_view\" data-banner_id=\"38\" target=\"_blank\" rel=\"nofollow noopener\"><img decoding=\"async\" class=\"not_lightbox\" src=\"https:\/\/www.newsbeep.com\/ca\/wp-content\/uploads\/2026\/01\/book.jpg\"\/><\/a><\/p>\n<p>The move prompted a surge in gas prices in the key markets of Asia and Europe, with buyers turning to U.S. LNG. With Asia fetching higher prices than Europe, U.S. cargoes with liquefied natural gas initially en route to Europe diverted to Asia. According to Bloomberg, at least eight LNG tankers have been diverted to date. This, in turn, triggered a further spike in European gas prices.<\/p>\n<p><a href=\"https:\/\/oilprice.com\/Energy\/Energy-General\/Little-Known-US-Company-Lands-Important-Pentagon-Contract-in-Rare-Earth-Race.html\" rel=\"nofollow noopener\" target=\"_blank\">Related:\u00a0Little-Known US Company Lands Important Pentagon Contract in Rare Earth Race<\/a><\/p>\n<p>Restarting production at Ras Laffan will take several weeks, meaning even if the hostilities in the Middle East end today, it will take a while for Qatari LNG supply to return to markets. However, some have struck an optimistic note: Rystad Energy <a href=\"https:\/\/oilprice.com\/Energy\/Natural-Gas\/Why-Qatars-LNG-Halt-Wont-Trigger-a-Long-Term-Global-Price-Spiral.html\" rel=\"nofollow noopener\" target=\"_blank\">said<\/a> last week it did not expect any long-term price impacts on LNG from the Qatari shutdown, noting there was every reason to believe the supply disruption would be temporary.<\/p>\n<p>Even so, however, forecasts for an LNG glut emerging this year have been hastily revised. Morgan Stanley wrote in a recent note that if the Qatari LNG shutdown lasts for a month, it would cause a deficit on the global LNG market. U.S. producers cannot respond fast enough because their liquefaction trains are already running at capacity and new capacity due to start up later this year is nowhere near enough to fill the Qatari gap.<\/p>\n<p>By Irina Slav for Oilprice.com<\/p>\n<p>More Top Reads From Oilprice.com<a href=\"https:\/\/oilprice.com\/Latest-Energy-News\/World-News\/Trump-EPA-Set-to-Scrap-Landmark-Emissions-Policy.html\" rel=\"nofollow noopener\" target=\"_blank\"><\/p>\n","protected":false},"excerpt":{"rendered":"QatarEnergy\u2019s shutdown of its LNG production complex has resulted in a streak of five days with zero shipments&hellip;\n","protected":false},"author":2,"featured_media":528859,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[45,49,48,16767,207700,207698,202724,146193,207701,203038,203889,172000,207699],"class_list":{"0":"post-528858","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-ca","10":"tag-canada","11":"tag-energy-security","12":"tag-gas-supply-disruption","13":"tag-global-gas-markets","14":"tag-iran-strikes","15":"tag-lng-prices","16":"tag-lng-trade","17":"tag-qatar-lng","18":"tag-ras-laffan","19":"tag-strait-of-hormuz","20":"tag-u-s-lng-exports"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/528858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=528858"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/528858\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/528859"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=528858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=528858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=528858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}