Adnoc Gas Eyes New LNG Export Plant to Bypass Strait of Hormuz

Adnoc Gas Plc is considering building a new liquefied natural gas export facility in Abu Dhabi, UAE. The move aims to bypass the Strait of Hormuz, which has been severely disrupted by the Iran war. Chief Financial Officer Peter van Driel revealed that the company is exploring options on the country's east coast.

The new plant would help Adnoc Gas avoid relying on the critical waterway for exports. The Strait of Hormuz has become increasingly volatile due to ongoing conflicts in the region, making alternative routes essential for global energy trade.