The price of natural gas in the European Union (EU) has surged by as much as 60 percent over the past two days, with futures breaking through 56 euros per megawatt hour (MWh) to hit a three-year high on Wednesday, driven by the shutdown of a liquefied natural gas (LNG) facility in Qatar and the closure of the Strait of Hormuz amid heightened Middle East tensions.

Qatar's state-run energy firm QatarEnergy on Wednesday announced force majeure following attacks on two of its main facilities during the ongoing conflict between Iran and a U.S.-Israeli coalition.

"Further to the announcement by QatarEnergy to stop production of liquefied natural gas (LNG) and associated products, QatarEnergy has declared Force Majeure to its affected buyers," the company said in a statement.

In a statement on Sunday, Qatar's Ministry of Defense said two drones had struck energy facilities in the country. Later that day, QatarEnergy announced it had halted LNG production over Iranian attacks.

Meanwhile, the closure of the Strait of Hormuz has choked off shipments from other major producers in the region.

These ongoing disruptions have added fresh pressure to Europe's already stretched winter gas reserves, raising concerns about tight supply heading into the summer months.