US EditionIran attack wipes out 17% of Qatar’s LNG capacity for up to five years, QatarEnergy CEO says
Damages to two LNG trains and one gas-to-liquids facility will cut Qatar's exports by 17%, causing $20 billion annual losses and risking supply contracts for five years.
- Iranian attacks have disabled about 17% of Qatar’s LNG export capacity, leading to an estimated $20 billion in annual revenue losses.
- Saad al-Kaabi, CEO of QatarEnergy, said damage to key LNG trains and a GTL facility will reduce output by 12.8 million tons per year for 3–5 years.
- The disruption threatens energy supplies to Europe and Asia, with Kaabi expressing shock at the scale and timing of the attack.
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CEO Saad al-Kaabi highlighted that the attack caused an estimated annual loss of US$20 billion, in addition to jeopardizing supplies to Europe and Asia.
With Israel attacking South Pars, Iran's largest gas field, and Iran retaliating by bombing Qatar's Ras Laffan, which produces 20% of the world's liquefied natural gas (LNG), the conflict is on the verge of escalating into an unprecedented "energy war." The massive gas refinery targeted by the attack is expected to take at least several years to repair due to its complex engineering challenges. Consequently, there are concerns that the energy cr…
Israel is attacking important gas facilities in Iran for the first time this week. Although Qatar condemns Israeli action, Iran is reacting with retaliation attacks on the country's gas infrastructure. The attacks have an economic impact on the whole world.
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