ADNOC L&S secures USD 900 million LNG carrier deal to advance Abu Dhabi's global energy trading strategy

Abu Dhabi-listed ADNOC Logistics & Services has ordered four next-generation LNG carriers from China's Jiangnan Shipyard for approximately USD 900 million. Scheduled for delivery in 2029, the expansion supports the state-backed energy group's long-term strategy to scale its global gas marketing and trading operations to 47 million tonnes annually by 2035.

According to an official regulatory disclosure, ADNOC Logistics & Services plc has finalized a USD 900 million (AED 3.3 billion) contract for four next-generation liquefied natural gas (LNG) vessels. Manufactured by China-based Jiangnan Shipyard, each carrier will feature a capacity of 175,000 cubic meters, with deliveries slated for 2029. Concurrently, the maritime logistics firm took delivery of its first 93,000-cubic-meter ammonia carrier under a separate joint-venture initiative.

This capital deployment represents a significant scaling of the company's maritime infrastructure, bringing its total capital commitment to over USD 5 billion since 2022. By expanding its specialized fleet, the organization is systematically mitigating capacity constraints within the global energy transit sector. This move directly addresses the rising worldwide demand for natural gas and cleaner transition fuels like ammonia, benefiting international energy markets and industrial supply chains across Asia and Europe.

Strategically, the fleet expansion reinforces the parent organization's target to achieve a combined marketable LNG volume of 47 million tonnes per annum by 2035. The secured long-term charters for these vessels provide high revenue visibility, offering institutional investors predictable cash flows. As a major maritime logistics operator listed on the Abu Dhabi Securities Exchange, ADNOC Logistics & Services provides integrated energy supply chain management to over 100 international customers across more than 50 nations.