Natural gas prices jump as Qatar says it is shutting down production after Iranian strikes
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- On Monday, QatarEnergy said it ceased production at one of its energy facilities.
- Production was paused "due to military attacks" on some of the company's operating facilities, QatarEnergy said.
- Natural gas prices jumped on Monday, as did other energy commodities, including crude oil.
Qatar's state-owned energy company has halted production of liquefied natural gas, LNG, after Iranian drone attacks damaged one of its production plants.
"Due to military attacks on QatarEnergy's operating facilities in Ras Laffan Industrial City and Mesaieed Industrial City in the State of Qatar, QatarEnergy has ceased production of liquefied natural gas (LNG) and associated products," QatarEnergy said in a statement on its website.
Natural gas prices surged on Monday, with prices up more than 6%, mirroring similar rises in other energy commodities. Brent crude oil, the international benchmark, was up 8% on the day.
Iran launched missile strikes targeting at least six countries in retaliation for the Saturday morning attack by the US and Israel.
This is a developing story.