Arab News: QatarEnergy has stopped production across its chemical, petrochemical and downstream operations after Iranian drone attacks targeted key energy facilities, deepening the energy-market fallout from the US–Iran conflict.
The state-owned company said it would halt output of products including urea, polymers and methanol following the suspension of liquefied natural gas production at its Ras Laffan and Mesaieed facilities in northern and southern Qatar.
The shutdown was ordered after Iran launched military strikes on energy infrastructure in the Gulf, including Ras Laffan Industrial City, home to Qatar’s massive LNG processing complex.
“QatarEnergy values its relationships with all of its stakeholders and will continue to communicate the latest available information,” the company said in a statement.
The expanded suspension underscores the interconnected nature of Qatar’s hydrocarbon sector, where LNG feedstocks also supply petrochemical and fertilizer plants.
Qatar is one of the world’s largest LNG exporters, accounting for around 20 percent of global seaborne supply.
Qatar is one of the world’s largest exporters of LNG, accounting for around 20 per cent of global seaborne supply.
The curtailment of exports and downstream output has contributed to sharp rises in global natural gas prices, with European and Asian benchmarks jumping more than 40 percent following the disruption.
https://www.arabnews.com/node/2635105/business-economy
