The Habshan processing facility is operating at about 60% capacity, with aims to reach 80% by the end of 2026 and full capability in 2027.
Adnoc Gas Plc, the owner of the processing facility, expects financial losses of $400-$600 million in the second quarter of 2026 due to the closure of the Strait of Hormuz.
“The company’s liquefied natural gas exports have been hit and resuming those will take time once the strait opens,” Adnoc Gas Chief Financial Officer Peter van Driel said.
“Some of the cargoes that have not been delivered are either in storage on a ship or underground or in tanks,” he said.
He stated that once the Hormuz strait is passable, the company will resume shipments “within a reasonable time frame.”
“Do not ask me whether that’s two weeks or three weeks, we simply don’t know. But we’re ready with our ships,” Driel added.
Earlier this month, four Adnoc tankers loaded with LNG were able to pass through the Strait of Hormuz by turning off the ships’ automatic identification system transponders.
Adnoc Gas said in a statement that it is actively collaborating with customers and partners on a transaction-by-transaction basis to fulfill commitments wherever possible, without giving more details.
The situation with the Habshan complex highlights the long recovery times for some of the region’s most critical infrastructure that was damaged in the Iran war, the news agency noted.
The UAE’s largest gas processing plant was reportedly shut down on March 19 following an Iranian drone attack, though it partially resumed operations a few days later. The strategically important facility was targeted twice more in April.