LNG TerminalsMiddle East

QatarEnergy says Ras Laffan damage to take up to five years to repair

By LNG Prime Staff
QatarEnergy says Ras Laffan damage to take up to five years to repair
Image: QatarEnergy LNG

State-owned LNG giant QatarEnergy expects the damage to its Ras Laffan complex caused by missile strikes to cost about $20 billion a year in lost revenue and to take up to five years to repair, impacting supply to markets in Europe and Asia. 

LNG Prime Annual Subscription Membership Required

You must be a LNG Prime Annual Subscription member to access this content.

Join Now

Already a member? Log in here

Most Popular

LNG as Fuel

TotalEnergies, CMA CGM get EU OK for LNG bunkering JV

French energy giant TotalEnergies and compatriot shipping firm CMA CGM have received approval from the European Commission to form a 50/50 logistics joint venture and operate an LNG bunkering supply solution at the Dutch port of Rotterdam.
LNG Terminals

Atlantic spot LNG rates dip to $20,000 per day

Atlantic spot LNG shipping rates continued to decrease this week, dropping to $20,000 per day, according to Spark Commodities.
LNG Terminals

US weekly LNG exports reach 34 shipments

US liquefied natural gas (LNG) plants sent 34 cargoes during the week ending August 19, down two cargoes from the week before, according to the Energy Information Administration.

More News Like This

LNG Terminals

Belgium’s Zeebrugge terminal to receive latest Golden Pass LNG cargo

The Fluxys-operated LNG import facility in the Belgian port of Zeebrugge is expected to receive another cargo from the Golden Pass LNG export terminal in Texas, owned by QatarEnergy and ExxonMobil, according to shipping data.
LNG Terminals

ConocoPhillips continues to boost LNG portfolio

US energy giant ConocoPhillips has expanded its commercial LNG offtake portfolio to 12 million tonnes per annum as it continues to scale up this business, according to incoming CEO Andy O’Brien.
LNG Terminals

QatarEnergy progresses commissioning of first NFE LNG train

State-owned LNG giant QatarEnergy is progressing with commissioning activities at the first train of the North Field East LNG project in Qatar despite the ongoing Middle East crisis, according to EPC contractor Technip Energies.
LNG Terminals

Edison says QatarEnergy extends force majeure until end of September

Italian energy firm Edison, a unit of EDF, said it had received a new force majeure notification from state-owned LNG giant QatarEnergy, affecting supplies scheduled for delivery at the Adriatic LNG terminal in Italy until end of September.