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Exclusive: Iran attacks wipe out 17% of Qatar's LNG capacity for up to five years, QatarEnergy CEO says [View all]
Source: Reuters
DUBAI/DOHA, March 19 (Reuters) - Iranian attacks have knocked out 17% of Qatar's liquefied natural gas (LNG) export capacity, causing an estimated $20 billion in lost annual revenue and threatening supplies to Europe and Asia, QatarEnergy's CEO and state minister for energy affairs told Reuters on Thursday.
Saad al-Kaabi said two of Qatar's 14 LNG trains and one of its two gas-to-liquids (GTL) facilities were damaged in the unprecedented strikes. The repairs will sideline 12.8 million tons per year of LNG for three to five years, he said in an interview.
Read more: https://www.reuters.com/business/energy/iran-attack-damage-wipes-out-17-qatars-lng-capacity-three-five-years-qatarenergy-2026-03-19/
This will take 4-5% of GLOBAL supply off the world market. And there are still plenty of targets left to hit, if Iran chooses to.
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