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UAE's state-run ADNOC Gas announced Tuesday that its main Habshan gas-processing complex will not return to full operating capacity until 2027 after sustaining repeated disruptions during the Iran war.
Located in Abu Dhabi, the complex, one of the world’s largest gas-processing facilities, is currently operating at around 60% capacity. The company aims to restore operations to 80% by the end of 2026 before reaching full capacity the following year.
The company said the complex was targeted several times during the regional war by Iranian attacks, with production halted on at least three occasions after debris from intercepted missiles and drones sparked fires at the facility.
ADNOC Gas noted that while some processing units remain out of service, gas deliveries across its wider network have mostly recovered, enabling continued supply to domestic customers.
The company added that engineers are carrying out a comprehensive review of the damage and recovery process, while the first phase of its Rich Gas Development project is expected to reduce operational pressure and support rising associated gas production.
The Habshan complex includes five plants, 14 processing trains, and a daily processing capacity of 6.1 billion standard cubic feet of gas.
ADNOC Gas also reported first-quarter net income of $1.1 billion, marking a 15% decline from the same period last year. The company linked the drop to heightened regional instability and difficult market conditions tied to Iran’s blockade of the Strait of Hormuz, a key route that handles around 96% of the UAE’s gas exports.
The closure of the strategic waterway, which normally handles about one-fifth of global oil and natural gas shipments, is expected to reduce ADNOC Gas earnings by between $400 million and $600 million in the second quarter even if the strait reopens during that period.
If the Strait of Hormuz reopens in the second half of 2026, the company expects full-year net income to range between $3.5 billion and $4 billion, compared with $5.2 billion recorded last year.
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