Doha: Iranian attacks have reduced Qatar’s liquefied natural gas (LNG) production capacity by about 17%, causing an estimated $20 billion in annual revenue losses and raising concerns over supply to key markets in Europe and Asia, according to QatarEnergy’s chief executive.

Speaking to Reuters, CEO Saad al-Kaabi said the strikes damaged two of Qatar’s 14 LNG production trains and one of its two gas-to-liquids (GTL) facilities. The affected units account for approximately 12.8 million tonnes of annual LNG output.

He said the damage could take between three to five years to repair, depending on security conditions and the pace of technical recovery, indicating a prolonged impact on the country’s export capacity.

Qatar is one of the world’s largest LNG exporters and a major supplier to global markets, particularly in Europe and Asia. The disruption could affect long-term supply commitments to countries including Italy, Belgium, South Korea and China.

Kaabi said the company may need to reassess contractual obligations with buyers and could consider invoking force majeure if the outages persist.

In addition to LNG, the damage is expected to affect other production streams, including condensate, liquefied petroleum gas, helium, naphtha and sulphur, reflecting wider disruption across energy infrastructure.

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The affected facilities were developed at an estimated cost of $26 billion in partnership with international energy companies, including ExxonMobil.

Kaabi said full restoration of operations would depend on improvements in the security situation, as ongoing hostilities could delay recovery efforts.