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UAE fast tracks second West-East oil pipeline to bypass Strait of Hormuz

CNBC·Emma Graham·18 days ago
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Abu Dhabi is accelerating construction of the new West-East pipeline to Fujairah as it looks to expand its oil export capacity and bypass the Strait of Hormuz chokepoint. The project, expected to come online in 2027, will double the Abu Dhabi National Oil Company's (ADNOC) export capacity. The second pipeline project comes as global energy supplies remain under pressure , flows through the Strait of Hormuz are severely limited , and repeated attacks on energy infrastructure and shipping have curtailed the UAE's ability to restore normal output. Abu Dhabi Crown Prince Sheikh Khaled bin Mohamed bin Zayed Al Nahyan on Friday called for faster delivery of the pipeline to meet rising global energy demand. ADNOC is "well positioned as a responsible and reliable global energy producer, with the operational flexibility to responsibly increase production to meet market needs when export constraints allow," the Crown Prince said during a meeting of the company's executive committee.…

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