Doha:
The Iranian strikes on its Gulf neighbours have disrupted about 17 per cent of Qatar’s liquefied natural gas (LNG) export capacity, causing an estimated $20 billion in lost annual revenue, Saad al-Kaabi, QatarEnergy’s CEO and state minister for energy affairs, said.
According to al-Kaabi, the repairs will sideline 12.8 million tonnes per year of LNG for three to five years, threatening supplies to European and Asian nations, including China and India.
At least two of Qatar’s 14 LNG trains and one of its two gas-to-liquids (GTL) facilities were damaged in the unprecedented Iranian strikes over the past few days.
“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,” al-Kaabi told news agency Reuters.
The state-owned QatarEnergy has said that it will have to declare force majeure on long-term contracts for up to five years for LNG supplies bound for Italy, Belgium, South Korea, and China due to the two damaged trains.
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