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    ADNOC to buy three more LNGCs

Summary

The state-owned company ordered two LNG carriers in April 2022 as well.

by: Shardul Sharma

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Complimentary, Natural Gas & LNG News, Middle East, Liquefied Natural Gas (LNG), Security of Supply, Corporate, Import/Export, News By Country, United Arab Emirates

ADNOC to buy three more LNGCs

ADNOC Logistics & Services (ADNOC L&S), a unit of state-owned ADNOC, on June 2 announced the decision to purchase three additional LNG vessels.

The new-build LNG vessels, each with a capacity of 175,000m3, are significantly larger than the current ADNOC L&S fleet which has a capacity of 137,000m3 each, ADNOC said. ADNOC L&S in April this year said that it will acquire two LNG vessels, bringing the total number of new-build LNG vessels ordered to five, with the vessels scheduled for delivery in 2025 and 2026.  All five new-build LNG vessels will be built at the Jiangnan Shipyard in China.

ADNOC said that the new vessels will bolster the company’s capacity as it responds to the growing global demand for LNG. "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.

The company said that the new vessels’ engine technology will reduce emissions and, in combination with the air lubrication system, further reduce fuel consumption by at least 10%.