ADNOC orders three more newbuild LNG carriers

June 7, 2022

ADNOC Logistics & Services has purchased three additional 175,000-cu m newbuild LNG vessels. ADNOC announced in April 2022 that it would acquire two newbuild vessels.

OGJ editors

ADNOC Logistics & Services, the shipping and maritime logistics arm of the Abu Dhabi National Oil Co. (ADNOC) has purchased three additional 175,000-cu m newbuild LNG vessels. ADNOC announced in April 2022 that it would acquire two newbuild vessels, bringing the total number ordered to five, with delivery scheduled 2025-26.

All five vessels will be built at Jiangnan Shipyard in China. Jiangnan Shipyard was previously commissioned by ADNOC in 2020 to build five very large gas carriers (VLGC) for AW Shipping, ADNOC L&S’s joint venture with China’s Wanhua Chemical Group.

ADNOC L&S’s current LNG vessels have a capacity of 137,000 cu m.

Over the past 24 months, ADNOC L&S has acquired 16 deepsea vessels, including eight 2-million bbl very large crude carriers in 2021 (OGJ Online, Apr. 14, 2021). The company also acquired six product tankers, and the five VLGC for AW Shipping.

ADNOC last month awarded McDermott International a front-end engineering and design contract for its planned 9.6-million tonne/year LNG plant in Fujairah, UAE (OGJ Online, May 13, 2022).