Gas prices in Europe soared more than 30% in the day’s trading on the back of the Iran war, after Qatar announced it would suspend natural gas exports in the wake of Iranian attacks in the Strait of Hormuz, for a total of about 70% in two days.
Prices for the Dutch natural gas TTF contract, which is used as a reference in Europe, rose more than 33% after rising about 40% yesterday after Qatar halted production of liquefied natural gas following attacks on Iranian energy facilities.
Yesterday, Qatar Energy Company announced that it would suspend production of liquefied natural gas and related products due to military attacks targeting facilities in Ras Laffan and Mesaieed.
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Earlier, Qatar’s Ministry of Defense reported that two Iranian drones attacked a water tank at the Mesaieed power plant and a Qatar Energy Company facility in Ras Laffan.
In this context, daily shipping rates for liquefied natural gas (LNG) tankers rose by more than 40% yesterday following the escalation of the conflict following the US and Israeli attacks on Iran.
According to Bloomberg, shipowners and shipping brokers are demanding more than $200,000 a day to charter liquefied natural gas tankers in the Atlantic Basin, roughly double the level that was prevalent less than 24 hours ago.
Gas prices in Europe soared more than 30% in today’s trading, taking the two-day total up about 70% amid the Iran war after Qatar announced it would halt natural gas exports following Iranian attacks in the Strait of Hormuz.
Prices for Europe’s benchmark Dutch TTF natural gas contract rose more than 33% after rising nearly 40% yesterday after Qatar halted liquefied natural gas production due to Iranian attacks on energy facilities.
Qatar Energy yesterday announced the suspension of liquefied natural gas production and related products due to military attacks targeting facilities in Ras Laffan and Mesaieed.
postage
Earlier, Qatar’s Ministry of Defense reported that two Iranian drones attacked the Mesaieed Power Plant reservoir and Qatar Energy facilities in Ras Laffan.
In this context, daily shipping prices for LNG ships rose by more than 40% yesterday as the scope of the conflict expanded following the US and Israeli attacks on Iran.
According to Bloomberg, shipowners and shipping brokers are demanding more than $200,000 a day to charter LNG ships in the Atlantic Basin, nearly double the level that was prevalent less than 24 hours ago.
