![\"\"](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/03\/41895b46-00e4-4ae4-8f89-21a6d1c733be.jpg.webp.webp\")
Nick MarshAsia Business Reporter, Singapore<\/p>\n
Damage to world’s largest LNG plant will cost Qatar billions – energy ministerpublished at 05:06 GMT<\/p>\n
05:06 GMT<\/p>\n
Nick Marsh
Asia Business Reporter, Singapore<\/p>\n
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<\/p>\n
We knew Iran’s attacks on Qatar’s Ras Laffan facility were significant, but these are huge numbers being cited by the country’s energy minister.<\/p>\n
He says Qatar’s liquefied natural gas (LNG) export capacity will reduce by 17% over the next five years, causing the country to lose $20bn in annual revenue.<\/p>\n
LNG is created by cooling natural gas down to a very low temperature using a large industrial processing unit known as a train. The minister says the Iranian attacks on damaged two of the plant’s 14 trains.<\/p>\n
Iran’s attack on Ras Laffan was in response to an Israeli attack on Wednesday to its South Pars gas field, which is located just north in the Persian Gulf.<\/p>\n
![\"A](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/03\/3b0d95df-802d-4804-b6dd-5fdf2779dfbd.jpg.webp.webp\")
Image source, ReutersImage caption, <\/p>\n
Ras Laffan LNG production facility in Qatar<\/p>\n
“Five years isn’t a repair,” Ciaran Roe, chief commercial officer at HySights, a clean fuels market intelligence provider based in Singapore, tells the BBC. “It’s a full rebuild”.<\/p>\n
Countries in Asia are the most reliant on Qatari LNG, especially Japan, South Korea, India and China. In Europe, Italy and Belgium are already big customers – but the continent as a whole is becoming increasingly reliant on Middle Eastern gas, having turned away from Russian imports in the wake of the Ukraine war.<\/p>\n
Qatar is one of the leading, if not the leading player, in the global natural gas market.<\/p>\n
“Fear may be embedded in the market for several months, if not years,” says Roe. “This will change governments’ thinking towards LNG imports”.<\/p>\n
LNG is a crucial energy source needed to heat people’s homes, cook food and even power ships and factories. It’s also needed to make fertiliser to grow food.<\/p>\n","protected":false},"excerpt":{"rendered":"Damage to world’s largest LNG plant will cost Qatar billions – energy ministerpublished at 05:06 GMT 05:06 GMT…\n","protected":false},"author":2,"featured_media":485395,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[49,50,51,47,52,48],"class_list":["post-485394","post","type-post","status-publish","format-standard","has-post-thumbnail","category-headlines","tag-headlines","tag-news","tag-top-news","tag-top-stories","tag-topnews","tag-topstories"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/485394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=485394"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/485394\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/485395"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=485394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=485394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=485394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}