The chief financial officer of ADNOC Gas stated the producer aims to raise the volume of fuel and liquefied natural gas shipments it moves in the fourth quarter. The targets follow a steady increase in the number of vessels transiting the Strait of Hormuz, which the company says has allowed for month-by-month improvement in LNG cargoes exiting the waterway.
Despite the outlook for the final three months of the year, ADNOC Gas noted that LNG exports remain below the levels recorded before the regional conflict began, though volumes in the third quarter grew compared to the previous period. The company’s chief executive said it continues to study alternative shipping routes and export facilities to reach customers, although no final decision has been reached on the new paths.
