Exclusive: Iran attacks wipe out 17% of Qatar's LNG capacity for up to five years, QatarEnergy CEO says

[NickB79]

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/

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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.

[cstanleytech]

1. Irans literally playing with fire as this could cause neutral countries to support the US now.

[David__77]

6. Neutral countries hosting US armed forces? Odd concept.

[cstanleytech]

9. Yes neutral as in they have refused to let the US use things like the airfields to fly in and out of to attack Iran.

[EX500rider]

7. Not to mention they risk having their entire petroleum production facilities eliminated

[cstanleytech]

10. Yup, really stupid of Iran to be doing this as it loses them any potential support they might have gotten otherwise.

[SamuelAdams]

2. The lost sales aren't the only problem.

How many billions will it cost to fix all the infrastructure damaged in this war? Those costs will also be passed on to consumers.

[PufPuf23]

3. Netanyahu's great idea of today is that natural gas and oil pipelines be constructed that

cross from the Persian Gulf to Israel to avoid the Hormuz.

Sounds great for Israel.

[Herself]

4. Oil & Gas are weaonized, nukes are the cover for the real threat.

The actual threat doesn't require a nuclear bomb. Iran can devaste the whole gulf supply of water. Drinking water, water for agriculture and it doesn't require nuclear bomb, Iran has all it needs and capability to achieve that life ending objective for millions in the Gulf and effect the world as we know it.

[Prairie Gates]

5. The ease with which they struck this target is notable

The South Pars field was hit by an Israeli airstrike (whether with US coordination is in dispute). Iran immediately issued a warning for workers to evacuate the Qatari site, then hit it with missiles shortly thereafter. Pretty quick work for a military that is "completely depleted."

You can see why Trump chided the Israelis and called for no more gas field and refinery strikes.

[cliffside]

8. Iran War: How the strikes on Ras Laffan could hit the economy

10:40 minutes