Abu Dhabi – Mubasher: ADNOC Gas has separately made temporary operational adjustments to production of liquefied natural gas (LNG) and export traded liquids in response to the ongoing shipping disruption in the Strait of Hormuz, according to a bourse disclosure.
The company stated that it is actively collaborating with customers and partners on a transaction-by-transaction basis to fulfill commitments wherever possible.
ADNOC Gas noted that operations are continuing safely across its asset base, stating: “Following debris falling near certain facilities, inspections confirmed no injuries and no impact to core processing integrity.”
The company confirmed its commitment to delivering shareholder value, noting that its balance-sheet strength and capital discipline support the resilience of the company.
Moreover, the continued focus of the company is on ensuring the safety of staff, contractors, partners, and operations while continuing to serve its customers.
ADNOC Gas said that in terms of a forward-looking qualifier, “The statements above reflect the company’s assessment at the date of this release, based on currently available information, and are subject to revision as circumstances evolve.”
The company concluded that it will provide further updates should any material developments arise.
A recent GlobalData report said that GCC exposure varies, with Saudi Arabia and the UAE could be able to divert some exports through pipelines and terminals outside Hormuz (e.g., to Fujairah), but capacity is limited and prone to bottlenecks, so it cannot fully replace seaborne flows.
