QatarEnergy halting LNG production after Iran attack

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We go live now to Zambas Ravi and Doha.

Zane, the day has been full of major developments.

But I do think the one piece of news that we might remember today, by the time the day

is over, is that Qatar has stopped or at least suspending, producing what is its main

resource and main export and what it's famous for, liquefied natural gas.

That is correct, and this is likely to have major knock-on effects in the region and

broadly in the global energy markets.

Now liquid natural gas is the lifeblood of the Qatari economy, it is the lifeblood

of this country, it is the thing by which they are able to exist, they literally pull

it out of the ground, sell it, and that is where the budget to operate the nation comes

from.

And quite simply, an attack on this facility.

We don't know the extent of it yet.

We do understand that there has been some level of damage, perhaps, from the statements

that are coming out from the government, we can glean that there has been some kind

of damage to interrupt any sort of functioning of this major industrial hub.

But an attack of this kind has a practical functional impact, but it really cuts to the

core of this country's national capacity to operate.

And it cuts to the core of the lifeblood of this country and it will be a major diplomatic

problem moving forward.

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