ADNOC Gas Targets 80% Habshan Recovery by End-2026
ADNOC Gas said the complex is back to 60% capacity after war-related damage, with earnings hit by the Strait of Hormuz closure.
- ADNOC Gas said the Habshan Complex is operating at 60% capacity, with the company working toward 80% restoration by the end of 2026 and full capacity in 2027 after war-related damage.
- Iranian attacks forced suspension of operations at the complex in early April, with falling shrapnel from intercepted projectiles triggering fires and causing what the company reported as "significant damage."
- ADNOC Gas reported $1.1 billion in first-quarter net income, down 15% annually, citing "increased regional uncertainty and difficult market conditions" disrupting maritime movements through the Strait of Hormuz.
- The ongoing closure of the Strait of Hormuz is expected to cost ADNOC Gas between $400 million and $600 million in the second quarter, assuming maritime operations normalize by quarter-end.
- Despite current disruptions, ADNOC Gas anticipates full-year 2026 net income between $3.5 billion and $4 billion while targeting a 30% increase in processing capacity through the Rich Gas Development project.
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Key UAE Gas Plant to Return to Normal Next Year From War Damage
The main natural gas plant that supplies the fuel in the United Arab Emirates will only return to full capacity next year, highlighting the long recovery times for some of the region’s most critical infrastructure that was damaged in the Iran war.
UAE's main gas complex to resume full capacity next year after attacks
ADNOC Gas said the Habshan site in the capital Abu Dhabi, which supplies gas across the UAE, was operating at 60% and "the company is currently working towards achieving 80% restoration by the end of 2026, with full capacity restored in 2027"
ADNOC Gas Targets 80% Habshan Recovery by End-2026
The processing capacity of the Habshan facilities, the biggest gas processing site in the United Arab Emirates, is expected to be restored to 80% by the end of 2026, after damage from the Iran war, ADNOC Gas said on Tuesday. The Habshan onshore facilities are part of one of the world’s largest gas processing plants, which is operated by ADNOC Gas, part of Abu Dhabi’s national oil company ADNOC. The five plants of the vast Habshan Complex have 14…
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