Missile strikes severely damaged Qatar’s Ras Laffan LNG and gas-to-liquids facilities, causing an estimated $20 billion annual loss and reducing LNG export capacity by 17%.
Repairs could take three to five years, forcing QatarEnergy to declare force majeure – halting deliveries to Europe and Asia and losing 24% of condensate, 13% of LPG and 14% of helium exports.
As the world’s top LNG exporter, Qatar supplies 20% of global demand. Disruptions threaten contracts with China, South Korea, Italy and Belgium, risking price spikes and supply shortages.
The attacks coincide with rising Middle East instability, with analysts linking them to U.S. and Israeli policies provoking retaliatory actions – though no group has claimed responsibility.
The strikes highlight the vulnerability of global energy infrastructure to hybrid warfare, echoing past attacks like Saudi Arabia’s Abqaiq (2019) and Nord Stream (2022) – underscoring systemic fragility.
Missile strikes targeted Qatar’s Ras Laffan Industrial City on Wednesday, March 18, until the early hours of Thursday, March 19, according to an update by the state-owned petroleum company QatarEnergy.
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