Iran Strike to Cost QatarEnergy $20 Billion a Year in Sales

Iran’s latest attack on Qatar, which severely damaged the world’s largest liquefied natural gas export facility, will cost the country’s state energy company about $20 billion of lost revenue.

The missile strikes on Ras Laffan Industrial City damaged QatarEnergy’s Trains 4 and 6, which represent a combined 12.8 million tons of annual production capacity, the company said in a statement Thursday. That accounts for about 17% of Qatar’s annual LNG exports. Repairs will take up to five years to complete.