Iranian attacks have wiped out 17% of Qatar’s liquified natural gas export capacity (LNG), equivalent to $20 billion in lost annual revenue, the CEO of Qatar’s state-owned energy company, Saad al-Kaabi said on Thursday (19 March).
The losses threaten supplies to Europe and Asia, with QatarEnergy declaring a force majeure, freeing it of obligations on long-term contracts for up to five years for LNG supplies bound for Italy, Belgium, South Korea and China.
Kaabi said two of Qatar's 14 LNG trains and one of its two gas-to-liquids (GTL) facilities were damaged in the Iranian strikes. Repairs to the infrastructure will take 12.8 million tons of LNG out of the system for three to five years, he said.
"I never in my wildest dreams would have thought that Qatar would be - Qatar and the region - in such an attack, especially from a brotherly Muslim country in the month of Ramadan, attacking us in this way," Kaabi said.
Production at Pearl GTL in Qatar’s Ras Laffan Industrial City stopped on Wednesday (18 March) after the industrial hub came under fire. Kaabi said that for production to restart, hostilities needed to end.
QatarEnergy previously declared a short-term force majeure on its entire output of LNG after an earlier attack on Ras Laffin. Shell is a partner in the damaged GTL facility, which will take up to a year to repair, while U.S. energy giant ExxonMobil is a partner in the damaged LNG facilities.
The scale of the damage from the attacks has set the region back 10 to 20 years, Kaabi added.
"If Israel attacked Iran, it's between Iran and Israel. It has nothing to do with us and the region. And so now, in addition to that, I'm saying that everybody in the world, whether it's Israel, whether it's the U.S., whether it's any other country, everybody should stay away from oil and gas facilities,” he said.
At least 11 people, including eight children, have been killed after a powerful explosion at a firecracker fact...
Recovery teams are continuing operations in Grand Canyon National Park after flash floods swept through parts of the canyon over the weekend, leavi...
Türkiye, Pakistan and Saudi Arabia have formalised their new defensive alliance at the grouping’s first high-level meeting held Monday i...
Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan have concluded talks in Bishkek, the capital of Kyrgyzstan, as leaders gather for the Shanghai Cooperation Organisation (SCO) summit.
Iran has reached an understanding with Oman on transit arrangements through the Strait of Hormuz, but the waterway will remain closed until the U.S. fulfils its commitments, a senior Iranian diplomat said on Saturday.
Iranian Foreign Minister Abbas Araghchi accused U.S. government and Israel-aligned actors of manipulating energy markets to promote the war with Iran.
Russian strikes on the Kyiv region overnight killed 37 people, Ukrainian President Volodymyr Zelenskyy has said. Zelenskyy added that the Ukrainian capital was under "virtually nonstop attack" from drones.
U.S. forces struck two Iranian rocket launchers on Larak Island on Sunday, with Tehran responding by launching ballistic missiles at two U.S. bases in Jordan in the first direct U.S.-Iran military escalation in weeks.
At least 11 people, including eight children, have been killed after a powerful explosion at a firecracker factory in northern India, authorities said, with rescue teams continuing to search through debris amid fears the toll could rise.
Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan have concluded talks in Bishkek, the capital of Kyrgyzstan, as leaders gather for the Shanghai Cooperation Organisation (SCO) summit.
Qatar has discussed potential investment in Afghanistan’s oil and gas sectors and the construction of a crude oil refinery, during talks in Kabul as Gulf businesses show growing interest in the Afghan market.
Turkish President Recep Tayyip Erdoğan has marked the 104th anniversary of Victory Day, honouring the decisive military victory that helped pave the way for the establishment of the Republic of Türkiye.
Uzbekistan has been named one of the world’s leading destinations for solo travelers, ranking fifth in the 2026 Solo Travel Index compiled by international travel platform Much Better Adventures.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment