The integrated gas processing and marketing company, Abu Dhabi National Oil Company (ADNOC) Gas is evaluating alternative transportation routes to deliver natural gas shipments to its customers as regional tensions continue to disrupt exports through the Strait of Hormuz, senior company executives said.
The disruption follows the US-Israeli military strikes against Iran that began on February 28, 2026, triggering Iranian retaliatory actions and attacks on commercial vessels in the Gulf and around the Strait of Hormuz. The escalating security risks have disrupted maritime traffic through the strategic waterway, prompting shipping operators to reconsider routes and delaying energy shipments. According to the International Maritime Organization (IMO), at least 70 attacks on international shipping had been verified by August 2026, resulting in the deaths of 19 seafarers.
ADNOC Gas CEO Fatima Mohammed Al Nuaimi told reporters during an earnings conference call that the company had assessed several options over recent months to identify alternative means of physically transporting gas to its customers. However, she noted that no final decision had been made.
Meanwhile, ADNOC is advancing its Ruwais liquefied natural gas (LNG) project, which is expected to begin exporting shipments by late 2028 or early 2029, according to company executives. Al Nuaimi said the first two refrigeration compressor trains had been installed at the facility.
The Ruwais LNG project is designed to achieve a total production capacity of 9.6 million tons per year (mtpa). Originally planned for Fujairah, the project was relocated in 2023 to Abu Dhabi’s Ruwais Industrial City, closer to ADNOC’s main operations.
On the financial front, ADNOC Gas reported a net income of $1.34 billion for the quarter ended September 30, broadly unchanged from the same period last year but nearly double the previous quarter’s figure. The improvement was supported by higher production, stronger prices, and increased export volumes.
Company executive Van Driel said the number of vessels transiting the Strait of Hormuz had been steadily increasing, although he declined to provide further details on the development.
ADNOC Gas’ 2026 net income target of $4 billion is based on the assumption that export levels in the fourth quarter will remain broadly in line with those recorded in the third quarter.
ADNOC Gas is responsible for processing, transporting, and selling natural gas and associated products to domestic and international customers. It is part of the Abu Dhabi National Oil Company (ADNOC) Group.
