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Drone strikes hit Ras Laffan LNG; QatarEnergy halts output Two drones launched from Iran struck facilities in Mesaieed and Ras Laffan on March 2, 2026, with no casualties, according to the Qatar Ministry of Defense. One drone hit a water tank at a Mesaieed power plant and another targeted an energy facility at Ras Laffan. Following the strikes, QatarEnergy said it halted LNG production and associated products due to the deteriorating security situation. The suspension centers on the Ras Laffan LNG facility and related operations. The company later declared force majeure on LNG supply contracts, as reported by news/articles/qatar-declares-force-majeure-irans-134336593.html” target=”_blank” rel=”nofollow noopener”>Yahoo News. Force majeure is a standard clause that can suspend obligations when events beyond a party’s control prevent performance. Why it matters for Qatargas, buyers, and LNG security The disruption touches one of the world’s most critical LNG export hubs, affecting counterparties linked to Qatargas-branded supply. Any sustained outage can alter trade flows and raise counterparty and delivery risk. Wood Mackenzie warned that with force majeure removing about 20% of global LNG supply, a prolonged disruption could threaten expected demand growth in Asia over the next decade. The firm also noted consequences could rival those following Russia’s 2022 invasion if the situation becomes structural rather than temporary. Officials have framed the incident as a strike on civilian and commercial infrastructure and signaled a firm response. Majed al-Ansari, spokesperson for Qatar’s Foreign Ministry, said: “Iran’s strikes cannot go unanswered… a price has to be paid for this attack on our people.” in the near term, export schedules and vessel loadings from Ras Laffan are likely to face delays while safety and integrity checks proceed. Navigation and terminal operations may be staggered, magnifying voyage and freight uncertainties. Based on data from S&P Global Energy, Asia-Pacific buyers are most exposed to…

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Filed under: News - @ March 19, 2026 1:20 am