"The essential closure of the Strait of Hormuz, a critical Gulf waterway through which about one-fifth of the world's energy supplies transit, has spurred mounting concern as energy prices have soared."
"Saad al-Kaabi said an Iranian attack on Qatar's Ras Laffan gas facility wiped out about 17 percent of the country's LNG export capacity, causing an estimated $20bn in lost annual revenue."
"Repairs will sideline 12.8 million tonnes of LNG production per year for three to five years, he had said."
QatarEnergy has declared force majeure on some long-term liquefied natural gas (LNG) supply contracts due to production disruptions linked to the US-Israeli war on Iran. The conflict has led to Iranian missile and drone strikes targeting oil and gas facilities in the Gulf region. An attack on Qatar's Ras Laffan gas facility has significantly reduced LNG export capacity, resulting in an estimated $20 billion in lost annual revenue. Repairs to damaged facilities will sideline 12.8 million tonnes of LNG production annually for three to five years.
Read at www.aljazeera.com
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