ADNOC L&S inks AED 3.3B deal for 4 LNG carriers

The vessels’ delivery is scheduled for 2029.

ADX-listed ADNOC Logistics & Services said it signed an agreement with Jiangnan Shipyard in Shanghai, China for an additional four next-generation LNG carriers with a total value of approximately $900 million (AED 3.3 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’ delivery is scheduled for 2029.

The latest order brings ADNOC L&S’ total LNG newbuild program to 18 vessels. ADNOC L&S has already taken delivery of six 175,000 m³ LNG carriers from Jiangnan Shipyard, valued at $1.2 billion (AED 4.4 billion), with five vessels deployed on contracts of up to 15 years with ADNOC Gas, providing stable and predictable revenue since May 2026. 

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. 

A further eight LNG carriers, with an investment volume of some $2.5 billion (AED 9.2 billion), are under construction at Samsung Heavy Industries and Hanwha Ocean. These vessels are scheduled for delivery from 2028 and are all contracted on 20-year time charters to ADNOC Gas. 

Including its 50% share of the AW Shipping newbuild program, ADNOC L&S has committed over $5 billion to fleet expansion since 2022. The new vessels will strengthen ADNOC L&S' capacity to deliver LNG to customers worldwide, supporting ADNOC's broader LNG growth strategy and its recently launched global LNG marketing and trading platform, targeting 47 million tons per annum (mtpa) of combined marketable LNG by 2035.