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Benzinga
  • 11 hours ago
The Iran war has damaged up to $58B in energy infrastructure across the Gulf, according to Rystad Energy. Over 80 facilities have been hit since February 28th, with more than one-third severely damaged. Qatar's LNG facility alone faces $20B in lost revenue and repairs taking up to five years. Rystad estimates minimum repair costs of $34B, with Iran facing ~$19B in damage. Repairs could take up to two years to restore production.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02The Iran war has damaged up to $58 billion in energy infrastructure,
00:07according to Reistad Energy, according to CNBC.
00:10Iran attacked oil and gas facilities across the Gulf Arab states,
00:15while Israel struck Iranian gas and petrochemical assets.
00:19More than 80 facilities have been hit since February 28,
00:22with over one-third severely damaged, according to the International Energy Agency.
00:26Repairs could take up to two years to restore production.
00:31Reistad estimates a minimum repair cost of $34 billion,
00:34while Iran faces about $19 billion in damage.
00:37Qatar's LNG facility was hit,
00:39causing $20 billion in lost revenue and repairs that could take up to five years.
00:44The equipment required to repair damaged energy infrastructure
00:47will strain global energy supply chains.
00:49Attacks also hit infrastructure in Saudi Arabia, Kuwait, and the United Arab Emirates.
00:54For all things money, visit Benzinga.com.
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