The effects of the destruction, as reported by Reuters, may affect global supplies of raw materials and long-term contracts with European and Asian countries.
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Infrastructure of the Qatari concern QatarEnergy was damaged as a result of attacks carried out by Iran. Two of the 14 tracks for transporting liquefied natural gas and one of the two gas liquefaction plants were destroyed. Iran's actions paralyzed 17 percent. the country's export opportunities.
Read also: QatarEnergy suspends gas production after attacks. What does this mean for Poland?
Financial losses caused by attacks reach USD 20 billion. annually in lost revenues – said Saad al-Kaabi, president of QatarEnergy. Damage prevent the export of 12.8 million tons of liquefied natural gas per year.
The repair will take 5 years. Italy and China at risk
It will take three to five years to repair the damaged infrastructure. QatarEnergy is considering declaring force majeure for multi-year contracts with Italy, Belgium, South Korea and China.
Read also: Not just oil and gas. More raw materials under pressure
“I never thought in my wildest dreams that Qatar — and the entire region — could be attacked in such a way, and by a brotherly Muslim state during Ramadan,” said Saad al-Kaabi, commenting on the nature of the attack.
