US EditionIran attack wipes out 17% of Qatar’s LNG capacity for up to five years, QatarEnergy CEO says
Iranian strikes damaged two LNG trains and a gas-to-liquids plant, sidelining 12.8 million tons per year and causing $20 billion in annual revenue losses, QatarEnergy said.
- 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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120 Articles
The Center Square
U.S. Gulf LNG poised to fill gap after Qatar plant damage
(The Center Square) - U.S Gulf Coast LNG export plants are poised to increase shipments in global markets desperate for gas supplies as damage assessments show a year or longer
‘Armageddon’ attack on Qatari plant could keep energy prices high around the world: analysts
Damage to a critical Qatari facility is threatening to keep oil prices high around the world even if the war in Iran ends soon in what some analysts are calling an “Armageddon” situation.
The company said it would take up to five years to repair damage to production facilities, adding that this will stop LNG supplies to Europe and Asia
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Asian LNG Benchmark Nears 3-year High After Iran Attack Hits Qatar Export Capacity
Get latest articles and stories on Business at LatestLY. The Asian liquefied natural gas (LNG) benchmark hovered near a three-year high on Friday after missile attacks from Iran disabled 17 per cent of Qatar's export capacity, causing a significant disruption to global energy markets. Business News | Asian LNG Benchmark Nears 3-year High After Iran Attack Hits Qatar Export Capacity.
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