Italy, Belgium set to lose gas supply after world’s biggest LNG plant bombed

Europe's insistence that it doesn't face an energy supply crisis took a blow Thursday when Qatar warned it would have to scrap contracts with Italy and Belgium following a massive Iranian attack.

QatarEnergy CEO Saad al-Kaabi told Reuters on Thursday it would have to cancel long-term liquefied natural gas supply contracts for up to five years after an Iranian ballistic missile knocked out a significant share of its production capacity in the Persian Gulf.