Qatar could face years of reduced natural gas exports after Iranian strikes damaged key energy infrastructure, wiping out a significant share of its liquefied natural gas (LNG) production capacity, QatarEnergy’s chief executive told Reuters.
Saad al-Kaabi said the attacks disabled two LNG production units out of 14 and one gas-to-liquids facility out of two, reducing output by about 17% at a time when Qatar sits at the heart of global gas supply.
He said the affected facilities alone account for roughly 12.8 million tons of annual LNG production, and warned repairs could keep them offline for three to five years depending on security conditions and technical recovery timelines.
The disruption is expected to result in about $20 billion in annual revenue losses, he added, marking one of the most costly supply shocks the company has faced.
Saad al-Kaabi said the attacks disabled two LNG production units out of 14 and one gas-to-liquids facility out of two, reducing output by about 17% at a time when Qatar sits at the heart of global gas supply.
Kaabi said the situation may force QatarEnergy to reassess its contractual obligations with several long-term buyers, including Italy, Belgium, South Korea and China. He said the company could be compelled to invoke force majeure, a contractual provision used when extraordinary events prevent delivery, for extended periods if outages persist.
