Missile Strikes Slash Qatar LNG Exports by 17%, Trigger $20 Billion Loss, Force Majeure as Gulf States Condemn Iran
Missile attacks on Qatar’s Ras Laffan Industrial City on March 18 and early March 19 have cut LNG export capacity by 17%, caused an estimated $20 billion in annual revenue losses, and will force long-term force majeure of up to five years, QatarEnergy said , as Doha and a bloc of Arab and Islamic nations condemned Iran’s attacks and warned of escalating threats to global energy security and maritime navigation. File Photo: The War Journal on X QatarEnergy CEO and Energy Minister Saad Sherida Al-Kaabi said the strikes caused “ extensive damage ” that will take “between three to five years to repair,” affecting supplies to China, South Korea, Italy and Belgium , and forcing the company to suspend parts of its long-term LNG commitments. He said the attacks damaged LNG Trains 4 and 6 (12.8 MTPA) —about 17% of exports —while a separate strike hit the Pearl GTL facility operated by Shell , leaving one production train offline for at least one year . Detailing the wider losses, QatarEnerg...