Iran Attacks UAE Habshan Gas Complex
Analysis based on 7 articles · First reported May 12, 2026 · Last updated May 12, 2026
The attacks on the Habshan gas facility gas-processing complex and the blockade of the Strait of Hormuz by Iran have significantly impacted the energy markets, leading to increased regional uncertainty and difficult market conditions. ADNOC Gas is experiencing substantial financial losses and delayed restoration of full production capacity, which could affect global gas supply and prices.
The United Arab Emirates' main gas-processing complex, Habshan gas facility, operated by ADNOC Gas, was targeted multiple times by Iran during the West Asia war. These drone and missile attacks caused fires and production halts, leading to the complex currently operating at 60% capacity. ADNOC Gas anticipates achieving 80% restoration by the end of 2026, with full capacity not expected until 2027. The company reported a 15% decrease in net income for the first quarter, attributing the drop to increased regional uncertainty and difficult market conditions, exacerbated by Iran's blockade of the Strait of Hormuz. This blockade, which affects about a fifth of the world's oil and natural gas, is projected to cost ADNOC Gas between $400 million and $600 million in the second quarter alone, with full-year net income forecasts significantly reduced.
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