New Delhi, March 20: Qatar has disclosed the extent of damage caused by missile attacks on the Ras Laffan Industrial City, attributed to Iran. Minister Saad Sherida Al-Kaabi stated that these attacks have resulted in a 17% reduction in Qatar’s LNG export capacity, leading to an estimated annual revenue loss of around $20 billion.
Al-Kaabi emphasized that the production facilities have suffered significant damage, with repairs expected to take up to five years. Consequently, Qatar may need to declare a long-term force majeure.
Qatar Energy estimates that the missile strikes on March 18 and 19, 2026, will result in an annual revenue loss of approximately $20 billion and a prolonged impact on supply to European and Asian markets.
In detailing the damage to production centers, Al-Kaabi confirmed that no injuries occurred during these unjust and senseless attacks. He noted that these assaults not only target the state of Qatar but also threaten global energy security and stability. They represent an attack on all who advocate for equitable, reliable, and safe access to energy.
The attacks damaged six liquefied natural gas (LNG) trains, with a total production capacity of 12.8 million tons per year (MTPA), accounting for nearly 17% of Qatar’s exports. Train 4 is a joint venture between Qatar Energy (66%) and ExxonMobil (34%), while Train 6 is a joint venture between Qatar Energy (70%) and ExxonMobil (30%).
Al-Kaabi mentioned that repairs to the LNG plants will take three to five years, affecting countries like China, South Korea, Italy, and Belgium. This situation may force Qatar to declare force majeure on some long-term LNG contracts for up to five years.
The attacks also targeted the Pearl GTL (Gas-to-Liquids) plant, operated under a production-sharing agreement with Shell, which converts natural gas into high-quality clean fuel and produces premium engine oil, lubricants, as well as base oils used in paraffin and wax production.
Al-Kaabi added that damage assessments for one of the two Pearl GTL plants are underway, with expectations for it to remain closed for at least a year.
Qatar reported losses of 18.6 million barrels of condensate, approximately 24% of its exports, along with 1.281 metric tons of LPG (13% of exports), 0.594 metric tons of naphtha (6% of exports), 0.18 metric tons of sulfur (6% of exports), and 309.54 MCF of helium (14% of exports).
The Minister of Energy paid tribute to Qatar’s military and security forces, as well as the emergency response teams in the energy sector, whose courage and professionalism ensured a swift and safe control of the situation.
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