Abu Dhabi's Shah gas field operations are suspended pending damage assessment, after a drone attack caused a fire earlier
Newsquawk Staff ·
Abu Dhabi's Shah gas field operations are suspended pending damage assessment, after a drone attack caused a fire earlier.
What it means
The suspension of operations at Abu Dhabi's Shah gas field following a drone attack underscores rising geopolitical tensions in the region, potentially impacting gas supply dynamics. Traders should monitor how this could affect energy prices, as disruptions in supply can lead to increased volatility in oil and gas markets.
- ADNOC reportedly informed some Asian refiners that it may begin delivering Upper Zakum crude via a new pipeline to the Fujairah terminal in early 2027, allowing shipments to bypass the disrupted Strait of Hormuz, according to Bloomberg
- TTF rises to EUR 100/MWh for the first time since December 2022
- Russia and Azerbaijan are discussing natural gas swap supplies, reports Interfax
- Equinor (EQNR NO) CEO says what happens in the Middle East determines the price of oil, refined products and gas; hopes that Britain will approve the Rosebank oilfield
- Iranian President is to visit Russia today to attend the gas exporting countries' summit, Tasnim reports
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