India, March 20 -- Qatar Energy expects the damage to its Ras Laffan Industrial City caused by Iranian missile strikes 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, 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 f...