Iranian attacks disrupted 17% of gas export capacity

The Minister of State for Energy Affairs of the State of Qatar, Managing Director and CEO of Qatar Energy, Engineer Saad bin Sherida Al-Kaabi, said that the Iranian attacks disrupted 17 percent of Qatar’s ability to export liquefied natural gas, causing losses estimated at about $20 billion in annual revenues, and threatening supplies to Europe and Asia.
He added in a press interview broadcast by the Qatar News Agency that two out of 14 liquefied natural gas processing units, in addition to one of the two gas-to-liquids conversion stations, were damaged due to these attacks, noting that the repair work will lead to the cessation of production of 12.8 million tons of liquefied natural gas annually for a period ranging between three and five years.
He said: It never occurred to me in my worst nightmares that Qatar, Qatar and the region, would be exposed to such an attack, especially from a sisterly Muslim country in the month of Ramadan, and in this way.
He explained that Qatar Energy Company may have to declare a state of force majeure in long-term contracts of up to five years to supply liquefied natural gas to Italy, Belgium, South Korea and China, due to the two processing units.
He said that the cost of building the affected units is about $26 billion, and to resume production, we first need the fighting to stop.
Qatar Energy declared a state of force majeure on its entire production of liquefied natural gas after previous attacks on its production center in Ras Laffan.