ADNOC Orders $900 Million in New LNG Carriers to Expand Global Fleet

AI Summary

ADNOC Logistics and Services has placed a $900 million order for four new LNG carriers to expand its global fleet, aiming to capitalize on rising LNG demand. The vessels will be constructed at Jiangnan Shipyard, Shanghai, with delivery expected in 2029.

ADNOC Logistics and Services has placed a $900-million order for four newbuild LNG carriers to expand its fleet as Abu Dhabi’s national oil company seeks to boost gas exports to seize the global rise in LNG demand. ADNOC Logistics and Services on Friday announced a newbuilding order for an additional four next-generation LNG carriers with a total value of approximately $900 million, or 3.3 billion UAE dirhams. The newly-built vessels will be constructed at Jiangnan Shipyard in Shanghai, China, and are expected to be delivered in 2029. This…