Shell assessing damage after Iran attacks Qatar plant
Shell said on Thursday it was assessing damage to a major gas-to-liquids plant in Qatar, after the Ras Laffan Industrial City was attacked by Iran overnight.
Shell
19 March 2026 10:14:52
Source: Sharecast
Tehran bombed the site – the world’s largest liquefied natural gas facility – in retaliation for a strike on Iran’s large South Pars gas field by Israel.
Gas prices have soared more than 20% in the wake of the attacks, with Brent crude also sharply higher.
Shell’s Pearl GLT, which it developed at Ras Laffan in partnership with QatarEnergy, is the world’s largest GLT plant.
Updating investors following the attacks, the energy major reiterated that LNG production in Qatar had been shut down since early March, shortly after the US first attacked Iran.
It continued: “During the evening of 18 March, an attack on Ras Laffan Industrial City took place. All staff on site are safe. A fire that broke out with the Pearl GTL facility as a result of the incident was rapidly extinguished. The situation is under control and Pearl GTL is in a safe state.”
It added that it was now assessing damage to the plant, and working with both QatarEnergy and the relevant authorities to assess the damage to the wider Ras Laffan facilities.
It concluded: “The safety and security of Shell’s employees and contractors is our highest priority. Shell continues to work closely with local authorities, our partners and customers.”
Shell’s share price was largely unchanged as at 1000 GMT, at 3,465.5p.
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