The United Arab Emirates’s main gas-processing complex, one of the world’s largest, will not resume full capacity until next year after being targeted by Iran during the war, Al Jazeera reports.
ADNOC Gas said the Habshan site in Abu Dhabi, which supplies gas across the UAE, is operating at 60 per cent and “the company is currently working towards achieving 80pc restoration by the end of 2026 with full capacity restored in 2027”.
In a statement sharing first quarter results, the company reported $1.1bn in net income – a 15pc decrease compared to the same quarter last year.
The drop was caused by “increased regional uncertainty and difficult market conditions” as the energy sector faces major disruption due to the blockade of the Strait of Hormuz.
