QatarEnergy

Iranian strikes damaged QatarEnergy's Ras Laffan complex on 16 March. The site handled 77m tonnes of LNG a year, making damage to its processing trains a direct constraint on the company's export business.

On 19 March, chief executive Saad al-Kaabi confirmed that two of Qatar's 14 LNG trains and a gas-to-liquids facility had been destroyed. The lost trains removed 12.8m tonnes of annual capacity for an estimated three to five years, so reopening the strait of Hormuz cannot restore QatarEnergy's previous output.

QatarEnergy's recovery remained dependent on SAFE tanker passage after the Hormuz disruption. On 3 July, the company was operating at about 35% of capacity, below its stated target of reaching 50% within a month of safe transit.

Physical constraints also slowed QatarEnergy's operations. On 3 July, naval escorts were moving only three to four LNG tankers a day through the strait, placing QatarEnergy's restart pace under convoy capacity and insurance conditions. A carrier strike then halted its planned ramp-up on 9 July, prolonging the gap between available plant capacity and exports.

QatarEnergy declared Force majeure after early March strikes damaged Ras Laffan. On 1 March, the declaration affected buyers in Belgium, Italy and Poland, cutting the company's ability to meet contracted deliveries while its export system was disrupted.

The declaration mattered beyond those direct customers because QatarEnergy's missing cargoes tightened competition for flexible LNG. On 19 March, the company confirmed Force majeure on contracts with Italy, Belgium, South Korea and China after confirming the loss of two trains. For QatarEnergy, the commercial obligation remains tied to both damaged production capacity and passage through Hormuz.