Iran strike hits 17% of Qatar LNG export capacity

Iran has aimed a series of attacks at Gulf oil and gas facilities after Israeli attacks on its own gas infrastructure. Iran’s attacks on Qatar have damaged facilities accounting for 17% of the country’s liquefied natural gas export capacity, with repairs expected to take three to five years, QatarEnergy CEO Saad al-Kaabi said on Thursday."For production to restart, first we need hostilities to cease," al-Kaabi told Reuters.  He said the scale of the damage from the attacks has set the region back 10 to 20 years. "And of course, 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."
“I never in my wildest dreams would have thought that Qatar… would be in such an attack,” Kaabi said, adding the strike came “especially from a brotherly Muslim country in the month of Ramadan.” The damage is expected to have a significant impact on global LNG supply.According to the minister, US oil major ExxonMobilis a partner in the damaged LNG facilities, while Shell is a partner in the damaged GTL facility, which will take up to a year to repair.
Texas-based ExxonMobil holds a 34 per cent stake in LNG train S4 and a 30 per cent stake in train S6. Train S4 impacts supplies to Italy's Edison and EDFT in Belgium, while Train S6 impacts South Korea's KOGAS, EDFT and Shell in China.The initial estimates show that due to damages incurred during strikes, Qatar's exports of condensate will drop by around 24 per cent, while LPG will fall 13 per cent. Helium output will fall 14 per cent, and naphtha and sulphur will both drop by 6 per cent. Those losses have implications ranging from LPG used in restaurants in India to South Korea's chipmakers, which use helium. The damaged units cost approximately $26 billion to build, al-Kaabi said.
India reportedly imports roughly 20 per cent of its natural gas requirements from Qatar. He noted that no work is currently taking place on Qatar's massive North Field expansion project, which could be delayed for more than a year.