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Iran Strike to Cut 17% of Qatari LNG for 3-5 Years: Reuters

Iran’s latest attack on Qatar damaged facilities that produce about 17% of its liquefied natural gas export capacity, Reuters reported, citing QatarEnergy’s chief executive officer.

Repairs will take three to five years and sideline 12.8 million tons per year of LNG, CEO Saad al-Kaabi said, according to the news service. Two of the plant’s 14 production trains were damaged, with repairs expected to take years, people with knowledge of the matter told Bloomberg.

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