Iran attack reduces Qatar’s gas production by 17% for several year

Iran has carried out attacks that have disrupted about 17% of Qatar’s liquefied natural gas (LNG) export capacity, leading to an estimated $20 billion loss in yearly revenue and raising concerns over energy supplies to Europe and Asia.

According to Saad al-Kaabi, the strikes damaged two out of 14 LNG production units and one of the country’s two gas-to-liquids facilities. As a result, around 12.8 million tonnes of LNG output could remain offline for the next three to five years while repairs are carried out.

Al-Kaabi described the attack as shocking, saying he never expected such an incident—especially during Ramadan and involving a fellow Muslim nation. The strikes came shortly after Israeli actions targeting Iran’s own gas infrastructure, escalating tensions across the region.

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State-owned QatarEnergy 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, Kaabi said.

I mean, these are long-term contracts that we have to declare force majeure. We already declared, but that was a shorter term. Now it’s whatever the period is,” he said.

QatarEnergy had declared force majeure on its entire output of LNG, after earlier attacks on its Ras Laffan production hub, which came under fire again on Wednesday.

“For production to restart, first we need hostilities to cease,” he said.

US oil major ExxonMobil is a partner in the damaged LNG facilities, while Shell is a partner in the damaged GTL facility, which will take up to a year to repair.

Texas-based ExxonMobil holds a 34% stake in LNG train S4 and a 30% stake in train S6, Kaabi said.

Train S4 impacts supplies to Italy’s Edison and EDFT in Belgium, while Train S6 impacts South Korea’s KOGAS, EDFT and Shell in China.

The scale of the damage from the attacks has set the region back 10 to 20 years, he said.

“And of course, this is a safe haven for a lot of people, to have a safe place to stay and so on. And that image, I think, has been shaken.”

The fallout extends well beyond LNG. Qatar’s exports of condensate will drop by around 24%, while liquefied petroleum gas (LPG) will fall 13%. Helium output will fall 14%, and naphtha and sulphur will both drop by 6%.

Those losses have implications ranging from LPG used in restaurants in India to South Korea’s chipmakers which use helium.

The damaged units cost approximately $26 billion to build, Kaabi said.

“If Israel attacked Iran, it’s between Iran and Israel. It has nothing to do with us and the region,” he said. And so now, in addition to that, I’m saying that everybody in the world, whether it’s Israel, whether it’s the US, whether it’s any other country, everybody should stay away from oil and gas facilities