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Adnoc Gas Habshan Complex Expected to be 100% Restored by 2027

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Adnoc Gas said Tuesday its Habshan complex, a key gas facility in the UAE, is expected to reach 80% processing capacity by the end of the year and 100% by 2027, as the company makes headway with restoration work after Iranian attacks in April.

The company restored 60% of the processing capacity "within a short period" following "two security-related incidents" on April 3 and 8, it said in its Q1 earnings report, with a detailed technical assessment nearing completion.

Adnoc Gas said some processing trains at the Habshan site remain offline, but overall supply across the entire gas network has been "substantially" restored. Phase 1 of the Rich Gas Development project is also expected to help ease supply constraints.

The company also said that "disruption to maritime movements through the Strait of Hormuz continues to impact liftings of Adnoc Gas products."

In Q1, the company reported a 20% year-over-year decline in exports and traded liquids, which include liquefied petroleum gas, naphtha, and liquefied natural gas. Sales volume dropped to 202 trillion British thermal units from 251 TBtu a year earlier, due to the effective closure of the Strait in March.

Meanwhile, lower regional demand and cooler weather resulted in an 11% drop in domestic gas sales volume to 519 TBtu in Q1 from 580 TBtu a year ago.

Adnoc Gas also recorded year-over-year declines in plant efficiency. Asset utilization decreased to 75.7% from 85.8%, while asset availability slipped to 93.4% from 97.8%. Asset reliability, at the same time, eased to 98.1% from 99.7%.

Going forward, shipping disruptions would likely weigh on Q2 financial performance, according to the company.

"On the assumption that the Strait is open for the second half of 2026, higher LNG and LPG prices, in line with the current Brent forward curve, are expected to help offset deferred volumes," it said.

Adnoc Gas projects that exports and traded liquids will range from 730 TBtu to 770 TBtu for the full year of 2026, compared with 1,036 TBtu in 2025. Domestic gas sales volumes are also estimated to slip to between 1,920 TBtu and 2,000 TBtu this year, from last year's 2,420 TBtu.

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