If the conflict in the Middle East continues, gas prices could soar another 100 percent, analyst says

Goldman Sachs warned of an "extremely painful" crisis in the gas market

Drive and fly less, go to work without a tie, and better yet, work from home. This is the advice given by authorities in various countries, which have to reduce demand for energy resources due to the largest disruption in the history of their supply. In different countries of the world again recommend to switch to remote work, which reminds of emergency measures in the times of pandemic Covid-19. But now it's a response to the energy shock from the war in Iran.

How different countries around the world are trying to save energy resources 

Three weeks of war in the Middle East have brought a fifth of the world's oil and liquefied natural gas supplies to a halt and reshaped energy exports. The impact of this conflict on the LNG market has been described by market participants as an "apocalypse today", a nightmare and a terrible dream. They may be felt for years to come.

The war in Iran and the strike on the LNG complex in Qatar will lead to a shortage of gas on the world market. Who will suffer?   

Qatari liquefied natural gas producer QatarEnergy will be forced to declare force majeure on long-term contracts for up to five years due to Iran's attack on its largest LNG plant. This was stated by QatarEnergy head and Qatar's energy minister Saad al-Qaabi in an <a href="https://www.reuters.com/business/energy/iran-attack-damage-wipes-out-17-qatars-lng-capacity-three-five-years-qatarenergy-2026-03-19/">interview with</a> Reuters. According to the top manager, this will affect supplies to Italy, Belgium, South Korea and China. QatarEnergy has previously declared force majeure - but for a short period of time, now it will increase, al-Kaabi noted.

QatarEnergy warned of force majeure on LNG contracts for up to 5 years due to attacks

Venture Global, Inc.

Cheniere Energy, Inc.

Equinor ASA

Norwegian Equinor, a major European producer of natural gas, also grew its securities

Shares of U.S. gas exporters jump after damage to Qatar LNG plant

"We're moving from a supply chain problem to a potential supply problem itself - that's a big difference," Pickering Energy Partners said

'Turning point': analysts warn of new energy shock over war

The Qatar plant, which has been hit by Iran, accounts for about 20 percent of global LNG supply

Liquefied natural gas prices soar nearly 30% in Europe after attacks on key plant

Iran has launched a missile strike on the industrial city of Ras Laffan in Qatar, home to the world's largest liquefied natural gas export plant, the Qatari government <a href="https://x.com/MofaQatar_EN/status/2034361926248009805">said</a>. The facility suffered "serious damage," the report said.

A major LNG plant has come under fire from Iran. Qatar reported significant damage

The war in the Middle East triggered a reversal in several strategies that were particularly popular with international investors. After the war began, Asian equity funds experienced the largest outflow of funds in four years, while the stagnant U.S. stock market attracted increased interest. The game against the dollar also unfolded: the U.S. currency regained its safe haven status. How long will this reversal last?

Investors have changed their strategy: they are leaving Asian markets and investing in US assets 

Qatar appears to have loaded its first liquefied natural gas tanker after an escalating conflict in the Middle East <a href="https://oninvest.com/article/ceny-na-gaz-v-evrope-podskocili-na-47-posle-priostanovki-spg-kompleksa-v-katare">forced it to halt</a> production and declare force majeure, Bloomberg <a href="https://www.bloomberg.com/news/articles/2026-03-06/qatar-appears-to-have-loaded-first-lng-cargo-since-force-majeure">writes,</a> citing ship tracking data.

Qatar sends first LNG tanker after halting exports due to war - Bloomberg

The escalation of the conflict in the Middle East continues for the fifth day. What is happening in the markets and what analysts say about it - we have collected the main points.

Oil storage tanks full, gas at a three-year high: fifth day of war in Iran

Norway, which has large gas reserves, is not ready to increase production

Liquefied gas