Iranian attacks have disabled 17% of QatarEnergy’s LNG capacity, threatening global energy supplies and $20 billion in annual revenue. Two LNG trains and one gas-to-liquids facility were damaged, sidelining 12.8 million tons per year for three to five years. The CEO warned long-term contracts for Italy, Belgium, South Korea, and China will face force majeure due to the strike.
QatarEnergy’s Saad al-Kaabi said the attacks followed Israeli strikes on Iran’s gas infrastructure, heightening regional tensions during Ramadan. ExxonMobil and Shell, partners in the damaged facilities, face production losses. The affected LNG trains supply major clients including Italy’s Edison, Belgium’s EDFT, South Korea’s KOGAS, and Shell in China. Repairs could take years, delaying the North Field expansion project by over a year.
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The fallout extends beyond LNG, with condensate exports expected to fall 24%, LPG by 13%, helium by 14%, and naphtha and sulphur by 6%. These reductions affect industries worldwide, including restaurants in India and semiconductor manufacturing in South Korea. Kaabi emphasized that production cannot resume until hostilities cease, warning the attacks have set the region back 10–20 years.
QatarEnergy declared force majeure on long-term LNG contracts, signaling disruption for key Asian and European buyers. Officials stressed the attacks could exacerbate global energy price spikes, already affected by the ongoing US-Israel-Iran conflict. The damaged units had cost approximately $26 billion to build, highlighting the scale of economic and strategic losses.
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Kaabi urged all parties to avoid targeting oil and gas infrastructure, calling for regional restraint. He condemned attacks on Gulf energy hubs, stressing that unrelated countries should not be dragged into hostilities between Iran and Israel. Authorities warned that the situation threatens regional energy stability and global market confidence.