An attack linked to Iran has damaged key energy facilities in Qatar, reducing the country’s liquefied natural gas output by about 17%. This information was shared by QatarEnergy CEO Saad al-Kaabi, who said the losses could reach nearly $20 billion each year.
According to initial reports, two LNG production units, often called trains, and one gas-to-liquids facility were badly damaged. These plants are important for processing and exporting natural gas to global markets. Due to the damage, QatarEnergy has declared force majeure on several long-term supply contracts. This means the company is temporarily unable to meet its delivery commitments.
Countries such as Italy, Belgium, South Korea, and China are among those affected by the supply disruption. These countries depend on Qatar’s LNG for energy needs, especially for electricity and industrial use.
Experts say repairs could take three to five years, which may keep global gas markets under pressure. Along with LNG, exports of other products like LPG, condensate, helium, naphtha, and sulphur are also expected to be affected.
Qatar is one of the world’s largest LNG exporters, so any disruption has a wide impact. Analysts warn that this situation could lead to higher global energy prices and supply shortages in the coming years.
