Iranian Strikes Cripple Qatar LNG Exports, Trigger $20 Billion Loss and Global Supply Fears

• Iranian attacks disabled 17% of Qatar’s LNG export capacity, causing an estimated $20 billion in annual revenue losses.
• Two of Qatar’s 14 LNG production trains and one gas-to-liquids facility were damaged, sidelining 12.8 million tonnes of LNG per year for 3-5 years.
• QatarEnergy may declare force majeure on long-term LNG contracts for Italy, Belgium, South Korea, and China.
• US oil major ExxonMobil holds significant stakes in the damaged LNG facilities.
• Beyond LNG, Qatar’s exports of condensate, LPG, helium, naphtha, and sulphur are also projected to decline.