Iran's Revolutionary Guard had threatened to attack energy facilities in Qatar, Saudi Arabia and the United Arab Emirates.

An increasing number of purchasers and importers scrambling to secure liquefied natural gas turned to the US on Thursday after the latest attack on Qatar’s massive LNG complex further strained global supplies of the fuel.

One of the two trains at Pearl GTL, the world’s largest gas-to-liquids plant, sustained damage after Iranian missiles struck the Ras Laffan complex in Qatar.

Oil and gas prices rose sharply and stock markets slid back on Thursday after Iranian strikes hit energy infrastructure in the Middle East, including Qatar's main gas facility. Brent crude was trading at $110 a barrel at the end of Thursday afternoon,

Iran’s attacks ‌on Qatar have damaged facilities that produce 17% ​of the company’s ​liquefied natural gas export capacity ⁠and it will ​take three to five years ​to repair them, QatarEnergy CEO Saad al-Kaabi told Reuters ​in an interview on ​Thursday.

Qatar said early Thursday that Iranian ballistic missiles attacked Ras Laffan industrial area, which houses a major liquefied-natural gas hub, the second wave of attacks in less than a day. The attack caused damage but did not cause casualties,

Traders and analysts warn of lasting disruption after damage to facility that supplies a fifth of the world’s LNG

Iranian strikes on Qatar’s Ras Laffan facilities have halted major LNG production, causing force majeure declarations and raising concerns over supply disruptions.

Qatar’s LNG outage will span years. Repairs to damage at Qatar’s massive Ras Laffan complex will take three to five years to complete, according to QatarEnergy CEO Saad al-Kaabi, cited by Reuters, turning what markets initially treated as a wartime disruption into a lengthy structural supply loss.