European gas prices jump 35% after strikes on Qatar LNG hub

European gas prices jump 35% after strikes on Qatar LNG hub

/ 04:04 PM March 19, 2026
Oil dips under $100, stocks back in green tracking Mideast war
A picture taken at sunset on March 12, 2026 shows a general view of the Bizkaia Bay Gas (BBG) regasification plant in the Spanish Basque city of Zierbena. The US-Israeli war on Iran has expanded across the Gulf and beyond, upending global energy markets and trade, and virtually halting traffic in the Strait of Hormuz, through which a fifth of the world’s crude oil travels. (Photo by ANDER GILLENEA / AFP)

LONDON, United Kingdom – European gas prices soared as much as 35 percent on Thursday as fresh strikes hit energy infrastructure in the Middle East, including Qatar’s main gas facility.

The Dutch TTF natural gas contract, considered the European benchmark, jumped to 74 euros, before paring gains slightly.

READ: War in the Middle East: latest developments

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Two waves of Iranian strikes caused “extensive damage” at Ras Laffan in Qatar, the world’s largest liquefied natural gas hub, raising fresh concerns over energy supplies.

READ: Iran targets Gulf energy sites after intel chief killed

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TAGS: Europe, gas, LNG

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