Summary
- A key UAE gas-processing facility is facing production disruptions in the aftermath of an Iranian strike.
- ADNOC Gas said the Habshan facility is currently operating at about 60%% of normal capacity.
- Market participants said escalating tensions in the Middle East are affecting natural gas supply chains and adding to global energy market instability and upward pressure on prices.
A key gas-processing facility in the United Arab Emirates is operating below capacity after an Iranian strike, with full recovery not projected until 2027, overseas financial news channel Walter Bloomberg reported on May 12.
ADNOC Gas, the Abu Dhabi state-owned energy company, said its Habshan gas-processing facility is currently running at about 60% of normal capacity, according to the report.
The company aims to restore output to about 80% of normal capacity by the end of this year. It expects full normalization in 2027.
The Habshan facility is regarded as one of the world's largest gas-processing complexes.
The disruption stemmed from a fire and operational shutdowns that followed the Iranian strike in April.
The latest escalation in Middle East tensions is beginning to affect not only crude oil but also natural gas supply chains, market participants say.
Walter Bloomberg said continued disruption in the Strait of Hormuz and Gulf shipping routes is worsening instability in global energy markets and adding to upward pressure on prices.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
