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Iran has targeted oil and gas plants of several Gulf countries after the attack on its largest gas field, South Pars. During this period, Iran had launched a massive attack on Qatar’s Ras Laffan gas field. Now Qatar has given information about the damage caused by this attack. Qatar said its LNG export capacity had dropped by 17 percent following the attack.
Loss of Rs 1.60 lakh crore annually
According to Sal Al-Kaabi, Chief Executive Officer (CEO) of QatarEnergy, Qatar’s largest government company, these attacks are expected to cause a loss of about Rs 1.60 lakh crore annually. He said that the major infrastructure related to LNG production has been damaged, which had cost about Rs 24 lakh crore to build. “This loss may cause Qatar to invoke force majeure provisions in many of its long-term gas supply agreements,” he said.
massive damage to infrastructure
Al-Kaabi confirmed that two of the country’s 14 LNG trains and a major gas-to-liquid (GTL) plant were heavily damaged. This has affected 12.8 million tonnes per annum (MTPA) gas production. This accounts for about 17 percent of Qatar’s LNG exports. Qatar has said that it will take 3 to 5 years to repair the damage and this work can start only when the war ends completely.
The whole world will be affected
This attack will affect the entire world. America’s oil giant ExxonMobil has a 64 percent stake in the two LNG trains that have been damaged. LPG exports from Qatar will decline by 13 percent, which may lead to a rise in gas cylinder prices in India. Besides, helium production will decline by 14 percent, condensate export by 24 percent and naphtha and sulfur production by 6 percent each.
Qatar said- energy development has been pushed back by 20 years
Kabi warned that global powers should keep oil and gas facilities out of the scope of war. He said the attack has set back the energy development of Qatar and the entire Middle East by at least 20 years. He said, “I could never have imagined even in my dreams that a Muslim country would attack us like this in the month of Ramadan.”
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