According to splash247.com, ADNOC Logistics & Services (ADNOC L&S) has signed a $900 million newbuilding contract with Jiangnan Shipyard in Shanghai for four liquefied natural gas (LNG) carriers.
LNG Fleet Expansion Accelerates
The four vessels—each with a capacity of 175,000 cubic meters—are scheduled for delivery in 2029. This latest order brings ADNOC L&S’ total LNG newbuilding programme to 18 vessels. The agreement was finalized during a visit to Jiangnan Shipyard by Sultan Al Jaber, ADNOC managing director and group chief executive officer.
The Abu Dhabi-based shipping and logistics arm of the Abu Dhabi National Oil Company has already taken delivery of six identical 175,000 cu m LNG carriers from Jiangnan under a $1.2 billion order placed in 2022. Five of those ships are currently deployed on long-term contracts—up to 15 years—with ADNOC Gas.
Global Construction Portfolio Reaches $5B
Beyond the Jiangnan order, ADNOC L&S has eight additional LNG carriers under construction at Samsung Heavy Industries and Hanwha Ocean in South Korea. That South Korean programme represents an investment of approximately $2.5 billion and is slated for delivery starting in 2028. All eight vessels have been secured on 20-year time charters with ADNOC Gas.
In total, ADNOC L&S has committed more than $5 billion to acquire 32 vessels since 2022. As of mid-2026, nine vessels have been delivered, while 23 remain under construction or on order, all expected to enter service through 2029.
Strategic Alignment with LNG Marketing Platform
The newbuild announcement follows closely on the launch of ADNOC’s integrated global LNG marketing and trading platform in Abu Dhabi. That initiative consolidates LNG marketing activities previously managed separately by ADNOC Gas, XRG, and ADNOC Trading. The platform aims to handle 47 million tonnes per year of combined marketable LNG by 2035.
Abdulkareem Al Masabi, chief executive officer of ADNOC L&S, stated:
“The order reflects our confidence in LNG shipping fundamentals and our strategic push to connect supply with demand centres.” — Abdulkareem Al Masabi, CEO of ADNOC L&S
The four newly ordered Jiangnan vessels are expected to operate under long-term charters, consistent with ADNOC’s broader asset-backed commercial model. This approach ensures fleet utilization stability while supporting the company’s vertically integrated gas value chain—from upstream production through liquefaction, shipping, and downstream marketing.
Source: splash247.com
Compiled from international media by the SCI.AI editorial team.
