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Strait of Hormuz

267 posts
ADNOC Gas’ $13.2 billion Rich Gas Development expansion will add major processing and NGL capacity at Habshan and Ruwais as the company targets 60% EBITDA growth by 2030. Representative image.
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ADNOC Gas commits $13.2bn to Rich Gas Development as 60% EBITDA target meets Hormuz risk

ADNOC Gas has approved the final two phases of its $13.2 billion Rich Gas Development programme, including new processing capacity at Habshan and NGL fractionation at Ruwais. The expansion lifts its 2030 EBITDA growth target to 60%, but a 52% quarterly profit decline has exposed how strongly export economics can still be disrupted by the Strait of Hormuz.
ADNOC Logistics & Services’ $1.3 billion fleet expansion adds 11 crude and gas carriers as Strait of Hormuz risks reshape global energy shipping and export security. Representative image.
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ADNOC Logistics & Services spends $1.3bn on 11 ships as Hormuz risk raises fleet-control stakes

ADNOC Logistics & Services is adding six crude tankers and five gas carriers in a $1.3 billion fleet expansion designed to support higher ADNOC export volumes. Rapid secondary-market deliveries strengthen near-term earnings capacity, but the investment arrives as Strait of Hormuz disruption exposes the operational risks attached to owning more shipping assets in the Gulf.