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Analysis: Cost of Mideast Energy Sites War Rebuild Exceeds $25B

Engineering News-Record·Engineering News-Record·2 months ago
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The cost to repair and rebuild Middle East infrastructure related to energy production damaged in the U.S.-Israel-Iran conflict is at least $25 billion and could rise further, with engineering and construction to make up about half the price tag, according to a detailed research assessment released March 23 by sector consulting firm Rystad Energy. The report points to drone and missile attacks that have heavily damaged facilities such as Iran’s South Pars offshore gas field and Qatar’s Ras Laffan gas production complex, considered the world's largest supplier of liquefied natural gas, “as particularly concerning cases.”  Rystad says the latter lost two LNG trains, equivalent to a 17% capacity reduction totaling about 12.8 million metric tons per year, which prompted state-owned energy firm QatarEnergy to declare force majeure.…

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