Iran Just Knocked Out 17% of Qatar's LNG Export Capacity. Repairs Will Take Up to Five Years.

Two LNG trains at Ras Laffan are down. 12.8 million tons per year offline. Force majeure declared on long-term contracts to Italy, Belgium, South Korea, and China. The damage alone cost $26 billion to

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QatarEnergy CEO Saad al-Kaabi confirmed Thursday that Iranian missile strikes on the Ras Laffan Industrial City damaged two of Qatar’s 14 LNG liquefaction trains and one of its two gas-to-liquids facilities. The repairs will sideline 12.8 million tons per year of LNG production for three to five years, according to al-Kaabi’s interview with Reu…