Iran Attacks Cripple 17% of Qatar’s LNG Capacity

Iranian attacks have disabled 17% of Qatar’s liquefied natural gas (LNG) export capacity, cutting off 12.8 million tons per year for three to five years, QatarEnergy CEO Saad al-Kaabi said.

Two of Qatar’s 14 LNG trains and one gas-to-liquids (GTL) facility were damaged. The disruption could cost $20 billion in annual revenue and force long-term contract suspensions to Italy, Belgium, South Korea, and China.

ExxonMobil holds a 34% stake in LNG Train S4 and 30% in S6-both damaged. Shell, partner in the GTL unit, faces up to a year of repairs.

Qatar’s condensate exports will drop 24%, LPG by 13%, helium by 14%. Global ripple effects could impact industries from Indian restaurants to South Korean semiconductor makers.

No work continues on the North Field expansion, potentially delaying it over a year. Kaabi called for global protection of energy infrastructure, condemning attacks during Ramadan as unprecedented.