Damage from Iran attack on Qatar gas facility may reduce capacity for three to five years, says QatarEnergy CEO

Damage from Iran attack on Qatar gas facility may reduce capacity for three to five years, says QatarEnergy CEO QatarEnergy CEO Saad al-Kaabi told Reuters that the damage caused by Iran’s attack has wiped out 17 percent of their operating capacity. As a result, the company may need to waive liability on long-term contracts for natural gas supplies with Italy, Belgium, Korea and China for up to five years while they are repaired. It will cost around $26 billion to rebuild the damaged infrastructure, al-Kaabi said.