Qatar expects all Persian Gulf energy producers to shut down exports within weeks if the Iran conflict continues and drives oil to $150 a barrel, the country's Energy Minister Saad al-Kaabi told the Financial Times in an interview published on Friday.
Qatar halted its production of liquefied natural gas on Monday, as Iran continued to strike Gulf countries in retaliation for Israeli and U.S. attacks.
The country's LNG production is equivalent to about 20% of global supply and plays a major role in balancing both Asian and European markets' demand for the fuel.
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