Reuters cited QatarEnergy CEO Saad al-Kaabi as saying that Iran's latest attack on Qatar has disrupted approximately 17% of its LNG export capacity, with facilities located at Ras Laffan suffering severe damage that is expected to require 3 to 5 years for repairs. The plant had previously been shut down due to drone strikes, and this latest attack further escalates the conflict in the Middle East. Driven by expectations of supply disruptions, European natural gas futures surged approximately 35% at one point, with prices doubling from pre-conflict levels, demonstrating the ongoing impact of the conflict on energy supply and inflation. Meanwhile, the substantial LNG supply gap will force Asian buyers to seek alternative sources.