Jamie Ingram

Providing an update on the damage from the missile attacks on Ras Laffan Industrial City H.E. Minister Saad Sherida Al-Kaabi: The missile attacks reduced Qatar’s LNG export capacity by 17% and caused an estimated loss of $20 billion in annual revenue - Extensive damage to our production facilities will take up to five years to repair and will compel us to declare long-term force majeure QatarEnergy expects the damage to its Ras Laffan Industrial City caused by missile strikes, which occurred on Wednesday 18 March 2026, and in the early hours of Thursday 19 March 2026, 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. Providing an update on the damage to the facilities at Ras Laffan Industrial City, His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said “I am relieved to confirm that no one was injured by these unjustified and senseless attacks, which weren’t just an attack on the State of Qatar but attacks on global energy security and stability. This was an attack on all of us who stand for development and human progress that is sustained by a fair, reliable, and secure access to energy.” The attacks damaged two liquefied natural gas (LNG) producing Trains 4 and 6 totaling 12.8 million tons per annum (MTPA) of production, representing approximately 17% of Qatar’s exports. Train 4 is a joint venture between QatarEnergy (66%) and ExxonMobil (34%), and Train 6 is a joint venture between QatarEnergy (70%) and ExxonMobil (30%). His Excellency Minister Al-Kaabi said: “The damage sustained by the LNG facilities will take between three to five years to repair. The impact is on China, South Korea, Italy and Belgium. This means that we will be compelled to declare force majeure for up to five years on some long-term LNG contracts.” The attacks also targeted the Pearl GTL (Gas-to-Liquids) facility, a production sharing agreement operated by Shell, that converts natural gas into high-quality cleaner burning drop-in fuels and produces base oils used to make premium engine oils and lubricants, and paraffins and waxes. “The damage caused to one of the two trains at Pearl GTL is being assessed and is expected to be offline for a minimum of one year” His Excellency Minister Al-Kaabi added. It should be noted that there will be a loss of associated product production due to this outage as follows: · Condensates: 18.6 million barrels which is around 24% of Qatar’s exports · LPG: 1.281 MT which is around 13% of Qatar’s exports · Naphtha: 0.594 MT which is around 6% of Qatar’s exports · Sulfur: 0.18 MT which is around 6% of Qatar’s exports · Helium: 309.54 MCFA which is around 14% of Qatar’s exports His Excellency the Minister of State for Energy Affairs, the President and CEO of QatarEnergy paid tribute to the Qatari military and security forces and to the energy sector emergency response teams whose courage and extraordinary professionalism ensured the situation was contained quickly and safely. #Qatar

IEA breakdown of emergency stock releases 👇#OOTT

Exclusive: #Iran attack damage wipes out 17% of #Qatar’s #LNG capacity for three to five years, QatarEnergy CEO says reuters.com/business/energ…

Update from Shell. One of Pearl GTL's two trains was damaged in the attack #OOTT

Bessent says US may unsanction Iranian oil on the water in the coming days, puts the figure at around 140mn bbls "we will be using Iranian barrels against the Iranians to keep the price down" Not sure many saw this coming at the start of the war... #OOTT foxbusiness.com/video/63911740…

Qatar Slams Iran Maritime Threats at International Maritime Organization Meeting London, March 19, 2026 The State of Qatar has strongly condemned Iran's attacks and threats against commercial shipping and maritime infrastructure, particularly in the Strait of Hormuz, as a "clear violation" of international law and the principles of freedom of navigation. The statement was delivered by HE Ambassador of the State of Qatar to the United Kingdom and Permanent Representative to the IMO, Sheikh Abdullah bin Mohammed bin Saud Al-Thani, during the 36th extraordinary session of the IMO council, dedicated to addressing the blatant aggression against Gulf states and its implications for maritime navigation, including the potential closure of the Strait of Hormuz. His Excellency reiterated Qatar's condemnation of the attacks targeting its territory, as well as those against the Gulf Cooperation Council (GCC) states and the Hashemite Kingdom of Jordan, noting that such actions represent a violation of state sovereignty and a breach of the principles of the United Nations Charter. He also welcomed United Nations Security Council Resolution 2817, which condemned these attacks, stressing the importance of upholding freedom of navigation and adherence to international law. The ambassador highlighted that these attacks directly impact the safety and security of maritime navigation, endanger the lives of innocent seafarers, and threaten the stability of one of the world's most vital maritime corridors. He warned that this could lead to serious repercussions for global trade, supply chains, and energy security. He further emphasized the need to protect seafarers and safeguard international maritime security and freedom of navigation, including in the Strait of Hormuz, in accordance with international law. He rejected any actions or threats that hinder maritime passage and affirmed Qatar's support for the efforts of the International Maritime Organization and its member states to enhance maritime safety and security. #MOFAQatar

Shell statement on the Ras Laffan attack and status of its Pearl GTL plant there. #OOTT 🔹Fire was rapidly extinguished, with Pearl GTL in a safe state. 🔹Damage assessment now underway

For every Iranian target for which there is some kind of rationale (US linked/ owned etc) there are many for which there is no clear rationale. Hitting Kuwait's refineries is a clear example of the latter. Iran claims to hit US interests. These plants are Kuwaiti thru and thru.

@carbellorin thank you my friend! 🙏

Follow @Jamie__Ingram for unbiased, timely insights on what’s really happening in the Middle East, especially across the energy sector.

The attack on Mina Al-Ahmadi in #Kuwait is an act of terror and unjustified aggression. Civil infrastructure is now subject to random bombardment by the means of ballistic missiles and drones in neutral states with nothing to do in the #usiranwar . We had no involvement in it, why are we being targeted? who will supply the world with refined products if all #GCC facilities get out of order? #OOTT #opec

“Although President Donald Trump says he has ‘destroyed 100% of Iran’s Military Capability’, the 0% that remains is playing havoc with the global economy.” -The Economist

KPC Press Release on this morning’s incidents at Mina Al-Ahmadi and Mina Abdullah refineries.

State of play after Israel attacked Iran's South Pars gas facilities. Iran has hit back with strikes on: 🔹Qatar's Ras Laffan complex 🔹Saudi Arabia's Samref refinery 🔹Kuwait's Mina Abdullah & Mina al-Ahmadi refineries 🔹Abu Dhabi's Habshan gas complex #OOTT

Saudi Arabia confirms drone hit the Aramco/Exxon Samref refinery in Yanbu. That's 1,500km away from Iran and right next to Saudi Arabia's vitally important Yanbu oil export terminal through which it is able to bypass the Strait of Hormuz #OOTT

Kuwait's Mina Abdullah and Mina al-Ahmadi refineries both suffered drone strikes earlier today. Kuwait confirms small fires at both #OOTT

QatarEnergy Statement on Missile Attacks on its LNG Facilities In addition to the previous attack on Ras Laffan Industrial City on Wednesday 18 March 2026 that resulted in extensive damage to the Pearl GTL (Gas-to-Liquids) facility, QatarEnergy confirms that in the early hours of Thursday 19 March 2026, several of its Liquefied Natural Gas (LNG) facilities were the subject of missile attacks, causing sizeable fires and extensive further damage. Emergency response teams were deployed immediately to contain the resulting damage with no reported casualties. QatarEnergy will continue to communicate the latest available information. #Qatar

#Riyadh | Joint statement issued by the consultative ministerial meeting of foreign ministers of the group of Arab and Islamic countries on Iranian aggression. spa.gov.sa/en/N2541553

Abu Dhabi authorities are responding to incidents at the Habshan gas facilities and at the Bab field caused by falling debris from the successful interception of missiles. The gas facilities have been shut down and no injuries have been reported. The public is urged to obtain information only from official sources and to avoid spreading rumours or unverified information.

@SandeshGhandat Direct response to the attack on South Pars gas facilities earlier today.

But why energy Infrastructure

There’s no shame in admitting that nobody really knows when or how this conflict ends. And I’m sick of reading the five point scenario analysis where a 20% chance is assigned to each scenario. We’re in unprecedented territory… everything we thought we understood about logic, markets, and strategy has been thrown out the door. #OOTT