"The damaged facilities will take three to five years to repair, according to the QatarEnergy chief executive, Saad al-Kaabi, raising fears of a protracted global gas supply crisis. I never in my wildest dreams would have thought that Qatar would be in such an attack, especially from a brotherly Muslim country in the month of Ramadan, attacking us in this way."
"A Qatari government spokesperson warned that targeting energy infrastructure constitutes a threat to global energy security, as well as to the peoples of the region and its environment. Qatar's gas exports made up a fifth of the global LNG market last year, of which about 80% was exported."
"The Iran regime has vowed to target a string of key energy infrastructure across the region after warning that an Israeli strike on a production facility for its largest gasfield at South Pars on Wednesday had ignited a full-scale economic war."
Following an Israeli strike on Iran's South Pars gasfield production facility, Iran launched retaliatory attacks on regional energy infrastructure. Iranian missiles struck Ras Laffan, Qatar's primary liquefied natural gas processing complex, causing extensive damage. South Pars, part of the world's largest natural gasfield shared by Iran and Qatar, and Ras Laffan, which produces a fifth of global LNG exports, face significant repair timelines of three to five years. QatarEnergy's chief executive expressed shock at the attacks during Ramadan. Qatar's government warned that targeting energy infrastructure threatens global energy security, regional populations, and the environment. The escalating conflict signals a new phase with profound consequences for worldwide energy supplies and economic stability.
#middle-east-energy-crisis #iran-israel-conflict #lng-supply-disruption #global-energy-security #oil-and-gas-infrastructure
Read at www.theguardian.com
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