Business · Companies · 2 hrs ago
Adnoc Gas Earnings Beat Estimates as It Weighs Fujairah Opportunities
Adnoc Gas reported third-quarter net income of $1.34 billion, above analyst estimates.
The company’s CFO, Peter van Driel, said it is still exploring opportunities in Fujairah.
Adnoc Gas also said it remains on track to restore Habshan to full capacity by the second quarter of 2027.
Habshan was damaged during interceptions in the Iran War.
The company is considering potential expansion to help meet European gas needs.
Its next stated milestone is the planned return of Habshan to full capacity in 2027.
Adnoc Gas reported third-quarter net income of $1.34 billion, beating analyst estimates.
The company said it remains on track to restore Habshan to full capacity by the second quarter of 2027.
The company is still exploring opportunities in Fujairah.
CFO Peter van Driel discussed the earnings, Fujairah plans and potential expansion to meet European gas needs.
- Who
- Adnoc Gas, whose CFO is Peter van Driel.
- What
- The company reported earnings above analyst estimates and is still exploring opportunities in Fujairah.
- When
- The earnings were for the third quarter. The article was published on Nov. 10, 2026.
- Where
- Fujairah and Habshan in the United Arab Emirates.
- Why
- The company is considering potential expansion to meet European gas needs.
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- Third-quarter net income
- $1.34 billion
- Habshan restoration target
- Full capacity by the second quarter of 2027
- Fujairah plans
- Opportunities are still being explored
- CFO
- Peter van Driel
- Published
- Nov. 10, 2026