"The damage to the Ras Laffan industrial facility, about 50 miles from the center of Doha, Qatar's capital, reduced the country's export capacity for liquified natural gas by 17 percent, creating a projected loss of $20 billion in annual revenue."
"It took Iran one night to prove that it could derail the entire enterprise and imperil Qatar's future."
"Qatar's state-owned energy company declared force majeure with customers in Italy, Belgium, South Korea, and China, meaning it can't fulfill its contractual obligations owing to circumstances beyond its control."
"A prolonged stoppage could upend Qatar's economy, whose growth was predicated on the expansion of its side of the gas field."
President Trump is attempting to find a way out of the war he initiated, claiming it has been won despite contrary evidence. An Iranian missile attack on a Qatari natural-gas facility has significant implications, reducing Qatar's liquefied natural gas export capacity by 17 percent and causing a projected $20 billion loss in annual revenue. The attack highlights the vulnerability of Qatar's economy and the potential for broader regional instability affecting global energy markets.
Read at The Atlantic
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