Iran attacks hit Qatar’s LNG exports

Qatar will have to declare force majeure on LNG contracts for up to five years; some 12.8 million tonnes per year of LNG offline

- 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 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 tonnes per year of LNG for three to five years, he said in an interview.

“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 Ramzan, attacking us in this way,” said Kaabi, who is also Qatar's minister of state for energy affairs.

Hours earlier Iran had aimed a series of attacks at Gulf oil and gas facilities after Israeli attacks on its own gas infrastructure.