ADNOC Logistics and Services (ADNOC L&S) has announced a newbuilding order for an additional four next-generation LNG carriers with a total value of approximately $900 million (AED3.3 billion).
Each vessel has a capacity of 175,000 m³, enabling the efficient transport of growing global gas production to meet rising demand around the world. The vessels, with delivery scheduled for 2029, will be constructed at Jiangnan Shipyard in Shanghai, China.
Captain Abdulkareem Al Masabi CEO – ADNOC L&S
“As global demand for natural gas continues to rise, this latest order reflects our confidence in the strong fundamentals of the LNG shipping market. Building on our robust earnings growth and diversified operations, we are investing in a next-generation fleet to efficiently connect key supply sources with high-growth demand centers and support the global energy transformation.”
The latest order brings ADNOC L&S’ total LNG newbuild program to 18 vessels, underscoring its commitment to building one of the most advanced and efficient LNG shipping fleets globally.
ADNOC L&S has already taken delivery of six 175,000 m³ LNG carriers from Jiangnan Shipyard, valued at $1.2 billion (AED4.4 billion), with five vessels deployed on contracts of up to 15 years with ADNOC Gas, providing stable and predictable revenues since May 2026.
According to the statement, the four additional next-generation LNG carriers are expected to be deployed on long-term charters, enhancing visibility on future revenues and supporting stable energy flows to global markets.
Xiao Wenlin, Chief Executive Officer of Jiangnan Shipyard, noted that, “ADNOC Logistics & Services’ continued trust in Jiangnan Shipyard – following the previous orders of six LNG carriers, nine VLECs, four VLACs as well as an earlier order of five VLGCs, underscores a long-standing partnership and a shared commitment to delivering world-class vessels.”
