Iran Missile Attacks Cripple Qatar: 17% LNG Capacity Halted, Global Gas Supply in Crisis

• Iranian missile attacks severely damaged Qatar's Ras Laffan gas hub, halting 17% of its LNG export capacity.
• Two LNG trains and a Gas-to-Liquid plant were hit, causing an estimated $20 billion annual revenue loss for Qatar.
• Repairs could take 3-5 years, leading to a 12.8 million ton annual LNG shortage in the global market.
• Qatar invoked 'force majeure' for 5 years on long-term supply contracts with Italy, Belgium, South Korea, and China.
• The attacks will impact India's LPG prices, South Korea's microchip production, and global oil companies like ExxonMobil.