# ADNOC Gas profit halves but beats own guidance amid Iran war 2026-08-10T08:56:35+00:00 | World & Diplomacy | Indian Opinion Desk Corroboration: 1 independent outlet ADNOC Gas reported a 52% drop in second-quarter profit to $665 million, but the result beat its own guidance of $400-600 million. The Abu Dhabi state company blamed the closure of the Strait of Hormuz after US-Israeli attacks on Iran, which has disrupted oil tanker traffic and energy infrastructure across the Gulf. Despite the slump, ADNOC Gas said it plans $28 billion in investment between 2026 and 2030 to expand sales. It awarded $8.2 billion in contracts for the second and third phases of its Rich Gas Development project. The company forecast third-quarter profit of $600-800 million, assuming the strait remains closed. Before the war, Hormuz carried a fifth of the world's oil and LNG. ## Coverage - livemint.com Tags: ADNOC Gas, energy, Iran war, LNG, Q2 profit, Strait of Hormuz Canonical: https://indianopinion.org/adnoc-gas-profit-halves-but-beats-own-guidance-amid-iran-war/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/adnoc-gas-profit-halves-but-beats-own-guidance-amid-iran-war/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.