According to its operator, a significant gas facility in the United Arab Emirates (UAE) will not achieve full operational capacity until 2027 due to Iranian attacks that disrupted approximately 40% of its production.
ADNOC Gas announced that the Habshan facility in Abu Dhabi – among the largest onshore gas processing plants globally – is presently functioning at “60% of the complex’s processing capability” and aims for “80% restoration by the end of 2026, with total capacity restored by 2027.”
In April, the Iranian bombing of the Habshan energy facility resulted in a blaze that claimed one life, as reported by local media.
Since Iran commenced its attacks on Gulf countries in retaliation to the US-Israeli offensive in February, the UAE reported that its air defense systems have intercepted 550 ballistic missiles, almost 30 cruise missiles, and over 2,200 drones.
In its Tuesday announcement, ADNOC Gas disclosed a net profit of $1.1 billion for the first quarter of 2026, reflecting an 8% drop from the preceding quarter. The government-owned firm referenced “heightened regional instability and challenging market circumstances, which have led to significant disruption in the energy industry and to shipping activities via the Strait of Hormuz.”
Iran’s closure of the strait, an essential trade passage, has led to a surge in energy prices by interrupting Gulf oil shipments. Saudi Aramco, the leading oil exporter globally, cautioned on Monday that the oil market won’t stabilize until next year if the waterway reopening is postponed for several more weeks.
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