ADNOC’s $444m LNG bet: Why 20 ships now define Abu Dhabi’s gas gambit
ADNOC Logistics & Services expands its LNG fleet to 20 vessels with a $444m order at Jiangnan Shipyard.
ADNOC Logistics & Services has expanded its liquefied natural gas fleet with an additional investment of $444 million for two new LNG carriers. The vessels, each with a capacity of 175,000 cubic meters, will be built at Jiangnan Shipyard and are scheduled for delivery in 2029. The company expects both ships to secure long-term charter contracts, aligning with its strategy for stable revenue streams.
This latest order follows a $900 million commitment made in July for four identical carriers, bringing the total number of LNG newbuilds in the program to 20 vessels. ADNOC L&S has already taken delivery of six ships of the same size from the Chinese yard under a previous $1.2 billion agreement, five of which are chartered to ADNOC Gas for up to 15 years.
Once all current orders are fulfilled, the company’s LNG fleet will grow to 24 ships, including four older carriers already in operation. The expansion is part of a broader $2.7 billion spending plan for 2026, which also includes the recent $1.3 billion acquisition of six very large crude carriers (VLCCs) and five very large gas carriers (VLGCs).
Natural Gas
Strategic implications for ADNOC’s energy portfolio: lng carriers
The company’s push into LNG shipping reflects a calculated move to strengthen its position in the global gas market. With five of its newly delivered carriers already under long-term contracts with ADNOC Gas, the strategy demonstrates a focus on securing predictable returns amid market volatility.
The expansion will position ADNOC among the world’s leading LNG shipping operators, enhancing its ability to transport gas efficiently. This growth aligns with Abu Dhabi’s broader energy goals, balancing traditional crude oil operations with investments in cleaner energy carriers. The company’s dual approach allows flexibility as the industry navigates the transition toward lower-carbon fuels.
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