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Exporter of liquefied natural gas (LNG), which is the biggest gas exporter in the world, exporting about 20 percent of the world's needs, Qatar is facing a significant hit when Iranian attacks destroyed key infrastructures in the Ras Laffan Industrial City. On March 19, 2026, QatarEnergy CEO Saad al-Kaabi reported to Reuters that two 14 LNG production trains and one gas-to-liquids unit had been attacked, disabling approximately 17% of the export capacity, or 12.8 million tons a year.

This might require three to five years of repairs; then, they subsequently lose about 20 billion/year of revenue to perform repairs and even declare force majeure on contracts with buyers in Europe and Asia (including Italy, Belgium, Korea, and China) as well as affect the export of condensate, LPG, helium, and naphtha. In an exacerbating and growing regional tension after Israeli attacks on the common South Pars field, the strikes have already stopped production in the previous and are surging world prices with gas.

Al-Kaabi was surprised at the Ramadan-related attack by one of the countries that are their brothers, calling on energy facilities to be safeguarded. Markets prepare long-term LNG supply downfalls.