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    Adnoc L&S acquires two new LNG vessels

Summary

The new vessels, to be built at the Jiangnan Shipyard in China, are scheduled for delivery in 2025.

by: Shardul Sharma

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Adnoc L&S acquires two new LNG vessels

Adnoc Logistics & Services (Adnoc L&S), a unit of state-run Adnoc, has signed a shipbuilding contract for the construction of two 175,000 m3 LNG vessels that will join its fleet in 2025, Adnoc said on April 12. The new LNG vessels will be built at the Jiangnan Shipyard in China.

"The expansion and modernisation of our LNG fleet will be a key enabler of Adnoc L&S’ growth strategy. This acquisition helps future-proof our fleet with more sustainable, modern vessels capable of serving our customers for the next 25 years and deepens our partnership with Jiangnan Shipyard,” Abdulkareem Al Masabi, CEO of Adnoc L&S, said.

The new-build LNG vessels are significantly larger than the current Adnoc L&S fleet of LNG vessels which have a capacity of 137,000 m3 each. The acquisition of larger, more energy-efficient vessels will allow Adnoc L&S to meet growing customer demand while improving the environmental footprint of its fleet, Adnoc said. 

Jiangnan Shipyard was previously commissioned by Adnoc L&S in 2020 to build five very large gas carriers for AW Shipping, Adnoc L&S’ joint venture company with China’s Wanhua Chemical Group.