Iranian Strikes Halt Qatar LNG Exports, Causing $20 Billion Loss and Worldwide Supply Concerns

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

QatarEnergy's liquefied natural gas (LNG) production facilities, amid the US-Israeli conflict with Iran, in Ras Laffan Industrial City, Qatar on March 2, 2026. Reuters File

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Firstpost•19-03-2026, 22:57

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.

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