Iran attack on Qatar gas will take up to five years to repair, damage $26bn: QatarEnergy CEO

QatarEnergy CEO Saad al-Kaabi told Reuters that the damage caused by Iran’s attack on its facilities 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 $26bn to rebuild the damaged infrastructure, Kaabi said.

“I never in my wildest dreams would have thought that Qatar would be – Qatar and the region – in such an attack,” he added.