March 3, 2026 5:12 PM
European gas prices soar more than 40% on LNG supply fears
Benchmark Dutch and British gas prices extended their gains for the second day in a row and rose more than 40% on Tuesday morning, as supply fears mounted after Iran and Israel stepped up attacks in the Middle East and Qatar halted production at its Ras Laffan liquefied natural gas plant, the world's biggest export facility. Europe has increased imports of LNG over the past few years as it seeks to phase out Russian gas following Russia’s invasion of Ukraine and will have to import more to fi...