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Qatar LNG attack could slash exports by 17 per cent; PM Modi condemns strikes

Attacks on Qatar’s Ras Laffan LNG hub could slash exports by 17 per cent, impacting global energy supplies. PM Modi condemns the strikes and expresses India’s solidarity with Qatar amid rising West Asia tensions

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QatarEnergy's operating facilities in Ras Laffan Industrial City on March 2. PIC/AFP

QatarEnergy's operating facilities in Ras Laffan Industrial City on March 2. PIC/AFP

Qatar's Energy Minister said on Thursday that the attacks on the country's energy installations will reduce the export capacity of liquefied natural gas (LNG) by 17 per cent, leading to an estimated annual revenue loss of USD 20 billion, news agency AFP reported.

"The damage sustained by the LNG facilities will take between three to five years to repair. The impact is on China, South Korea, Italy and Belgium," said Energy Minister Saad Sherida Al-Kaabi in a statement.

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