The processing capacity of the Habshan facilities, the biggest gas processing site in the United Arab Emirates, is expected to be restored to 80% by the end of 2026, after damage from the Iran war, ADNOC Gas said on Tuesday.
The Habshan onshore facilities are part of one of the world’s largest gas processing plants, which is operated by ADNOC Gas, part of Abu Dhabi’s national oil company ADNOC. The five plants of the vast Habshan Complex have 14 processing trains and 6.1 bscfd capacity, according to the company.
However, the Habshan gas site was forced offline in early April due to Iranian strikes on energy infrastructure in the Middle East.
ADNOC Gas experienced two security-related incidents at the Habshan site on April 3 and 8, the company said on Tuesday in a Q1 results filing with the Abu Dhabi Securities Exchange.
“Within a short period, 60% of the complex’s processing capacity was restored, and the Company is currently working toward achieving 80% restoration by the end of 2026, with full capacity restored in 2027,” ADNOC Gas said.
The company continues to carry out a detailed technical assessment of the impact from these incidents.
“Although some processing trains at Habshan remain offline, overall supply across the ADNOC Gas network has been substantially restored, allowing the Company to continue meeting domestic customer demand through its broader infrastructure,” the company said.
“Additionally, phase 1 of the Rich Gas Development project is expected to further ease bottlenecks and enable ADNOC Gas to take advantage of increased upstream associated gas output following the recent lifting of production constraints.”
Yet, ADNOC Gas warned that the ongoing closure of the Strait of Hormuz is expected to dent its Q2 net income by up to $600 million, assuming maritime operations return to normal prior to the end of the quarter.
By Tsvetana Paraskova for Oilprice.com
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