Dubai: The United Arab Emirates’ principal gas-processing hub, one of the world’s largest, will not regain full operations until 2027, in the wake of assaults during the ongoing Middle East war, its operator revealed Tuesday, AFP reported.
ADNOC Gas stated the Habshan facility in Abu Dhabi, which feeds gas throughout the UAE, is running at 60 percent capacity and “the company is currently working towards achieving 80 percent restoration by the end of 2026, with full capacity restored in 2027”.
The site endured repeated hits in the war, suffering production stoppages at least three times from blazes sparked by debris of downed projectiles.
During the war, Iran struck the UAE more than any other nation, firing drones and missiles at US targets alongside civilian sites like airports and energy plants.
ADNOC Gas, in its first-quarter earnings statement, disclosed $1.1 billion net income—a 15 percent slide from last year’s equivalent, blaming “increased regional uncertainty and difficult market conditions” as energy markets grapple with upheaval from Iran’s Strait of Hormuz blockade.
That chokepoint, typically carrying a fifth of global oil and gas shipments, could drain ADNOC Gas $400 million to $600 million in the second quarter, even with a potential reopening then.
Should the strait clear in late 2026, the firm projects annual net income of $3.5 billion to $4.0 billion, down from $5.2 billion in 2025.
