ADNOC Expands LNG Fleet Amid Strait of Hormuz Tensions

Abu Dhabi National Oil Company is maintaining liquefied natural gas exports from its Das Island facility while taking clandestine measures to protect vessels in the Strait of Hormuz. Following an attack by Iranian forces on a Qatari LNG carrier and the collapse of peace talks between the United States and Iran, the company has ordered its tankers to disable location broadcasting devices to avoid detection in the waterway.

To compensate for Qatar declaring force majeure at its Ras Laffan LNG hub, the company is aggressively expanding its transport capacity. This growth includes a 900-million-dollar order for four new LNG carriers and an additional 2.5-billion-dollar investment in eight more vessels.

These operational shifts occur as LNG importers pressure the United Arab Emirates and Qatar for price reductions. Importers argue that the increased insurance costs and war risks associated with regional hostilities should lead to lower commodity pricing.