Summary
- ADNOC Gas, Abu Dhabi's state-owned energy company, said its Habshan gas processing facility is currently operating at about 60%% of normal capacity following an Iranian strike.
- The company aims to restore production capacity to about 80%% by the end of this year, with full normalization projected in 2027.
- Walter Bloomberg said rising Middle East tensions and disruption to the Strait of Hormuz and Gulf shipping routes are increasing instability in the global energy market and adding upward pressure on prices.
A key gas processing facility in the United Arab Emirates is operating below capacity after an Iranian strike, with full recovery not expected until 2027, overseas financial news channel Walter Bloomberg reported on May 12.
ADNOC Gas, Abu Dhabi's state-owned energy company, said its Habshan gas processing facility is currently running at about 60% of normal capacity.
The company aims to restore output to about 80% by the end of this year. Full normalization is projected in 2027.
Habshan is considered one of the world's largest gas processing complexes.
The disruption stems from a fire and operational shutdowns following the Iranian strike in April.
The report said escalating tensions in the Middle East are starting to affect not only crude oil but also natural gas supply chains.
Walter Bloomberg said continued disruption to the Strait of Hormuz and Gulf shipping routes is deepening instability in global energy markets and adding upward pressure on prices.
