Qatar’s LNG Blackout Just Broke the Global Gas Market | OilPrice.com
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Iranian drone strikes forced QatarEnergy to halt production at Ras Laffan and Mesaieed, effectively taking one-fifth of global LNG export capacity offline in a single geopolitical event.

…On March 2, QatarEnergy — the state-owned energy giant responsible for all of the country’s liquefied natural gas exports — announced a complete halt to LNG production…their shutdown effectively removes roughly 20% of the world’s LNG export capacity from the market in one hit…This goes beyond sentiment and sits squarely in the let’s-affect-fundamentals territory…This episode will embed a geopolitical risk premium far deeper into LNG pricing than existed even at the height of the Russia-Ukraine crisis…The long-term impact could be structural and include reconfigured trade flows, geopolitical risk premiums baked into contracts, changes in investment strategies, and a renewed urgency for diversification of supplies.

  • fonix232@fedia.io
    9·
    1 day ago

    But if we phase out fossil fuels how will the already rich bastards who own all of said fuel, extort the world while simultaneously ruining it?

    • unexposedhazard@discuss.tchncs.deEnglish
      10·
      23 hours ago

      Just saw this german satire article and it was the perfect fit.

      The title translates to: “Mysterious: Prices for wind and solar stable despite Iran war”

      https://www.der-postillon.com/2026/03/wind-sonne.html

      The rest of the article as translated by firefox:

      With the Iran war, heating oil, gas and gasoline prices are rising in this country. On the other hand, the situation is different in terms of wind and solar: so far, despite the bitter conflict in the sunny and wind-rich Middle East, prices have remained remarkably stable here.

      “We cannot yet say exactly why this is,” explains energy expert Ottfried Müller. “Although the road is blocked by Hormuz and deliveries from the Middle East are currently difficult, somehow the wind and the sun still seem to reach Germany.”

      Despite the conflict, photovoltaic systems, solar panels and wind turbines continue unabated, while the price of petrol at the petrol stations has already climbed to over 2 euros locally.

      “Perhaps the federal government has succeeded in opening up new wind and solar suppliers in record time?” Müller suspects cautiously. “Or has Economy Minister Reiche created a strategic reserve of sun and wind in solar and wind storage facilities, which makes us independent for the first time?”

      Nevertheless, experts urge caution: At the moment, it cannot be completely ruled out that Donald Trump next gives the order to attack the sun.