Abu Dhabi’s state-run gas producer, Adnoc Gas Plc, plans to boost its exports of liquefied natural gas (LNG) and other fuel cargoes in the fourth quarter. The increase comes as more vessels navigate the Strait of Hormuz, according to the company’s finance chief, Peter van Driel.
During the third quarter, Adnoc Gas operated its main LNG export facility on Das Island at full capacity. This development signals a rise in global fuel supply, which has been constrained by Middle East disruptions, driving up prices.
Van Driel’s comments highlight the growing availability of LNG on international markets. The company’s ability to maximize production at Das Island suggests a positive outlook for export volumes moving forward.