Qatar has suspended its liquefied natural gas (LNG) production on Monday due to the ongoing conflict between the US and Iran, which prompted precautionary shutdowns of oil and gas facilities across the Middle East.QatarEnergy, a state-owned petroleum company of Qatar, on its official X, wrote, “QatarEnergy to stop production of LNG. Due to military attacks on QatarEnergy’s operating facilities in Ras Laffan Industrial City and Mesaieed Industrial City in the State of Qatar, QatarEnergy has ceased production of liquefied natural gas (LNG) and associated products. QatarEnergy values its relationships with all of its stakeholders and will continue to communicate the latest available information.”Qatar is India’s major supplier of energy requirements, providing about 42 per cent of its LNG to India, according to report by Statista.About 20 per cent of the world’s LNG supply comes from Qatar. The Gulf nation contributes significantly to balancing the demands of the Asian and European LNG markets and is the second-largest LNG exporter in the world after the US. In fact, 82 per cent of the consumers of state-owned QatarEnergy are Asian.