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Energy prices surge as Iran attacks Qatar LNG facilities threaten long-term exports
8 articles |
Updated 13h ago |
Created 1d ago
Following new escalations in the Middle East, energy markets experienced a shock with European gas hitting €70 per MWh after two refineries were damaged by Iranian strikes on infrastructure near Kuwait City. The conflict has triggered an immediate 56% jump for Brent crude while natural gas prices rose significantly across Europe and Greece due to fears of long-term export disruptions from Qatar's LNG plants in the Persian Gulf region.
Key Points
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1[Mar 20] Prices for gasoline and natural gas have risen.
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2[Mar 19, ~6:38 PM ET] European energy prices surged to over €56 per barrel as a result of new attacks in the Middle East involving Iran's attack on Qatar LNG facilities threatening long-term exports. Brent rose by more than double-digit percentages (over 40% implied from 'more' and specific mentions).
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3[Mar 19, ~8:37 PM ET] Natural gas prices jumped to €65 per MWh in Europe following new attacks on energy infrastructure.
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4Iran's attack on Qatar LNG facilities is threatening long-term exports.
Developments
[Mar 20, ~13:47 PM ET]
(Tanea.gr) Prices for gasoline and natural gas have risen (Greek text only).
[Mar 19, ~6:58 AM CET] / [~6:20 UTC+? - Note discrepancy in source times]
(Eleftherostypos.gr) Energy prices are soaring as Iran's attack on Qatar LNG facilities threatens long-term exports.
[Mar 19, ~5:38 AM CET] / [~4:20 UTC+? - Note discrepancy in source times]
(Dimokratia.gr) European energy prices have risen – Brent is over €6 per barrel (Greek text only).
[Mar 19, ~5:38 AM CET] / [~4:20 UTC+? - Note discrepancy in source times]
(Tanea.gr) A 'jump' occurred in energy prices across Europe following new attacks on the Middle East – a double-digit increase for unleaded and diesel (Greek text only).
[Mar 19, ~5:38 AM CET] / [~4:20 UTC+? - Note discrepancy in source times]
(Rosa.gr) Shock to natural gas with pressure on bills across Greece (Greek text only).
[Mar 19, ~5:38 AM CET] / [~4:20 UTC+? - Note discrepancy in source times]
(Ertnews.gr) A rise of over €6 per MWh for European natural gas prices following attacks on energy infrastructure – two refineries were hit in Kuwait (Greek text only).
[Mar 19, ~5:38 AM CET] / [~4:20 UTC+? - Note discrepancy in source times]
(Newsit.gr) A jump to €7 per MWh for natural gas with explosive conditions on the market following attacks against energy facilities in Qatar (Greek text only).