**Iranian Attacks Cause Significant Damage to Qatar's LNG Capacity** On March 19, QatarEnergy's CEO and state minister for energy affairs, Saad al-Kaabi, revealed that Iranian attacks have resulted in a 17% reduction of Qatar's liquefied natural gas (LNG) export capacity. The damage, which will take three to five years to repair, is estimated to cost $20 billion in lost annual revenue. This loss will impact supplies to Europe and Asia, where Qatar's LNG exports are a significant source of energy. According to Kaabi, two of Qatar's 14 LNG trains and one of its two gas-to-liquids (GTL) facilities were damaged in the attacks. The repairs will sideline 12.8 million tons per year of LNG, a loss that Kaabi described as unprecedented. The damaged units, which cost approximately $26 billion to build, will have to be repaired before production can resume. The impact of the attacks extends beyond LNG. Qatar's exports of condensate will drop by around 24%, while liquefied petroleum gas (LPG) will fall 13%. Helium output will also decrease by 14%, and naphtha and sulphur will both drop by 6%. These losses have significant implications, particularly for countries that rely heavily on these exports, such as India, South Korea, and China. Kaabi emphasized the severity of the situation, stating that the damage has set the region back 10 to 20 years. He also expressed concern about the impact on Qatar's reputation as a safe haven, saying, "This is a safe haven for a lot of people, to have a safe place to stay and so on. And that image, I think, has been shaken." The attacks have also disrupted long-term contracts for LNG supplies bound for Italy, Belgium, South Korea, and China. QatarEnergy will have to declare force majeure on these contracts, which will last for up to five years. Kaabi noted that this is a significant change from the previous declaration of force majeure, which was shorter-term. ExxonMobil, a partner in the damaged LNG facilities, and Shell, a partner in the damaged GTL facility, will also be affected by the repairs. The GTL facility, which will take up to a year to repair, is a significant loss for Qatar's energy production. Kaabi stated that no work is currently taking place on Qatar's massive North Field expansion project, which could be delayed for more than a year. Kaabi also expressed frustration about the timing of the attacks, which occurred during the month of Ramadan. He said, "I never in my wildest dreams would have thought that Qatar would be - Qatar and the region - in such an attack, especially from a brotherly Muslim country in the month of Ramadan, attacking us in this way." The situation remains unstable, with hostilities ongoing in the region. Kaabi stated that production will not resume until hostilities cease.