Shell cuts gas output forecast after Qatar plant hit in Iran war strikes

Shell’s PearlGTL site in Qatar stopped production in March after being hit during attacks, forcing the energy giant to update its yearly forecasts. The Iran war has driven up oil prices, giving Shell a boost in that part of its business, but the gas production hit has tempered the gains. The company now expects lower gas output for the year, revising its outlook as the conflict’s fallout ripples through global energy markets. The PearlGTL facility, one of the world’s largest gas-to-liquids plants, has remained offline since the strikes, compounding supply pressures. The war’s impact on Shell underscores the uneven consequences for energy majors, with higher oil revenues offset by disrupted gas operations.