EnergyUnited Arab Emirates

Adnoc Gas reviews options to bypass Strait of Hormuz

Adnoc Gas is still weighing routes that avoid the Strait of Hormuz and is looking at Fujairah. Its third-quarter profit beat analyst estimates, which matters for investors watching energy supply.

Illustration: A big LNG carrier with round domed tanks sails past a bold orange sun on a flat teal sea.
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Adnoc Gas reported net income of $1.34 billion for the third quarter, beating analyst estimates. The company said it remains on track to restore its Habshan operations to full capacity by the second quarter of 2027.

The company said Habshan was damaged during interceptions in the Iran War. Peter van Driel, chief financial officer of Adnoc Gas, spoke about the earnings, the company's plans in Fujairah and a possible expansion to meet European gas needs.

In numbers

$1.34 billionThird-quarter net income
2Q 2027Habshan full capacity target

Interest in gas supplies east of the Strait of Hormuz, and away from Iran, is increasing.

Who is who

  • Peter van DrielChief financial officer, Adnoc Gas
Where
United Arab Emirates
Published
Section
Energy

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