Qatar\u2019s ability to export liquefied natural gas (LNG) has been significantly reduced following attacks attributed to Iran, according to Saad bin Sherida Al-Kaabi, Minister of State for Energy Affairs and CEO of QatarEnergy.<\/p>\n
The disruption has affected approximately 17% of the country\u2019s LNG export capacity, translating into an estimated $20 billion in lost annual revenue and posing risks to supply chains serving Europe and Asia.<\/p>\n
In remarks to Reuters, Al-Kaabi said that two of the country\u2019s 14 LNG processing units were damaged, along with one of its gas-to-liquids facilities. He noted that repair efforts are expected to halt production of around 12.8 million tonnes of LNG per year for a period ranging between three and five years.<\/p>\n
Al-Kaabi expressed shock at the scale and nature of the attacks, stating that he had never anticipated such an incident, particularly during the holy month of Ramadan and involving a neighboring Muslim country.<\/p>\n