Shell’s Pearl GTL Plant Struck by Missile, Halting LNG Production
Shell’s Pearl GTL plant in Qatar was struck by an Iranian missile on March 18, triggering a fire and halting LNG production at the Ras Laffan facility. Shell reported no injuries, extinguished the blaze and is assessing damage with QatarEnergy as crude tops $119 per barrel.
1. Missile Strike at Ras Laffan Facility
On March 18, an Iranian missile hit Shell’s Pearl GTL plant in Ras Laffan Industrial City, sparking a fire at the world’s largest gas-to-liquids operation. The strike reignited regional supply concerns after LNG production had already been offline since early March.
2. Safety Response and Fire Suppression
Shell confirmed all workers at the facility are safe and that emergency teams extinguished the blaze quickly. Operations remain suspended as teams secure the site and monitor for further risks.
3. Damage Assessment and Collaboration
Shell is working closely with QatarEnergy and local authorities to evaluate structural damage and plan restoration efforts. Detailed inspections will determine the scale of repairs needed for the processing units and related infrastructure.
4. Market Reaction and Supply Implications
Shares of Shell dipped by about 2% following the attack, while Brent crude briefly topped $119 per barrel on heightened supply fears. Analysts warn that extended downtime could pressure global LNG availability and pricing dynamics.