Qatar to Lose $20 Billion Annual Revenue from Iranian Attacks on LNG

Qatar’s state firm QatarEnergy expects the damage to the Ras Laffan LNG complex, the world’s single largest LNG-producing facility, to cost it about $20 billion per year in lost revenue and to take up to five years to repair. The Iranian missile attacks on Qatar’s Ras Laffan Industrial City (RLIC) earlier this week dashed hopes of quick resumption of Qatari LNG flows even if the Strait of Hormuz were to open to unimpeded and safe traffic today. After QatarEnergy confirmed damage from Thursday’s attack,…