Adnoc Gas said the UAE’s key Habshan natural gas processing plant, damaged during the Iran war, is operating at about 60% capacity and is not expected to fully recover until 2027. The facility aims to reach 80% capacity by year-end after being targeted twice in April. The conflict has also severely disrupted the Strait of Hormuz, cutting off major oil and gas flows and driving up energy prices. Adnoc Gas expects a $400 million to $600 million second-quarter impact from the Hormuz closure, with L

Adnoc Gas said the UAE’s key Habshan natural gas processing plant, damaged during the Iran war, is operating at about 60% capacity and is not expected to fully recover until 2027. The facility aims to reach 80% capacity by year-end after being targeted twice in April. The conflict has also severely disrupted the Strait of Hormuz, cutting off major oil and gas flows and driving up energy prices. Adnoc Gas expects a $400 million to $600 million second-quarter impact from the Hormuz closure, with LNG exports remaining constrained until shipping routes reopen.