
ADNOC L&S expands LNG carrier newbuilding programme
Abu Dhabi-based ADNOC Logistics and Services (ADNOC L&S) has announced a newbuilding order for an additional four 175,000 m³ LNG carriers, with a total value of approximately US$ 900 million (AED3.3 billion). The vessels will be constructed at Jiangnan Shipyard in Shanghai, China, with delivery scheduled for 2029.
ADNOC L&S CEO, Captain Abdulkareem Al Masabi, said, “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 centres and support the global energy transformation.”
The latest order brings ADNOC L&S’ total LNG newbuild program to 18 vessels. The company has already taken delivery of six 175,000 m³ LNG carriers from Jiangnan Shipyard, valued at US$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 this year.
The four additional LNG carriers are similarly expected to be deployed on long-term charters, once they are delivered.
ADNOC L&S has also recently celebrated the delivery of the first of four 93,000m3 Very Large Ammonia Carriers (VLACs) by Jiangnan Shipyard. In 2024, AW Shipping, a joint venture between ADNOC L&S and Wanhua Chemical Group, placed a US$1.9 billion (AED 7 billion) order for four VLACs and nine Very Large Ethane Carriers (VLECs), and two of these were delivered in 2025.
A further eight LNG carriers, valued at around US$2.5 billion (AED9.2 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 per cent share of the AW Shipping newbuild programme, ADNOC L&S has committed over US$5 billion to its ambitious fleet expansion since 2022.





















