Iran attack wipes out 17% of Qatar’s LNG capacity

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 told Reuters on Thursday.

- Reuters

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 tonnes (mt) per year of LNG for three to five years, he said.

“I never in my wildest dreams would have thought that Qatar would be—Qatar and the region—in such an attack, especially from a brotherly Muslim country in the month of Ramadan, attacking us in this way,” Kaabi said in an interview.