Market Signalhigh confidence
TotalEnergies Backs Two Major Oil Pipelines to Bypass Hormuz
oilprice.com · August 24, 2026 · Week 2026-35
Summary
TotalEnergies has announced it will invest in two major pipeline projects to create alternative export routes bypassing the Strait of Hormuz. The IOC will back the expansion of Abu Dhabi's Habshan-Fujairah pipeline and a new pipeline to transport Iraqi crude to the Mediterranean via Syria. The move is a direct response to severe disruptions in the Strait of Hormuz, which CEO Patrick Pouyanné called an 'absolute priority' to mitigate.
Strategic Implication
This investment signals a major de-risking strategy by IOCs and NOCs to ensure security of supply from the Gulf amidst heightened geopolitical conflict, accelerating the build-out of strategic export bypass infrastructure.