QatarEnergy Faces $20 Billion Annual Sales Loss Due to Iran Strike

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Iran Strike Costs QatarEnergy $20 Billion Annually, Damages LNG Facility

QatarEnergy's liquefied natural gas (LNG) production facilities amid the US-Israeli conflict with Iran, in Ras Laffan Industrial City, Qatar. (Courtesy: Reuters photo)

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Moneycontrol•20-03-2026, 07:56

Iran Strike Costs QatarEnergy $20 Billion Annually, Damages LNG Facility

•Iran's attack on Ras Laffan Industrial City will cost QatarEnergy $20 billion annually in lost revenue.
•The strike severely damaged Trains 4 and 6, impacting 12.8 million tons of annual LNG production capacity (17% of Qatar's exports).
•Repairs are estimated to take up to five years, forcing QatarEnergy to declare force majeure on some long-term LNG contracts.
•The incident escalated regional hostilities, causing European natural gas prices to surge by 35%.
•The attack also targeted the Pearl gas-to-liquids facility (operated by Shell Plc), expected to be offline for at least one year.

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