ADNOC L&S acquires additional newbuild LNG vessels

June 6, 2022
ADNOC Logistics & Services has purchased three additional LNG vessels, each with a capacity of 175,000 cu. m.

Offshore staff

ABU DHABI, UAE — ADNOC Logistics & Services (ADNOC L&S) announced June 2 its decision to purchase three additional LNG vessels.

The newbuild LNG vessels, each with a capacity of 175,000 cu. m, are significantly larger than the current ADNOC L&S fleet, which have a capacity of 137,000 cu. m each.

In April ADNOC L&S announced it would acquire two LNG vessels, which brings the total number of newbuild LNG vessels ordered to five, with the vessels scheduled for delivery in 2025 and 2026. 

All five newbuild LNG vessels will be built at the Jiangnan Shipyard in China. Jiangnan Shipyard was also previously commissioned by ADNOC L&S in 2020 to build five very large gas carriers (VLGC) for AW Shipping, ADNOC L&S’ joint venture company with China’s Wanhua Chemical Group.

The new vessels’ engine technology will reduce emissions (CO2, NOX and SOX) and, in combination with the air lubrication system, further reduce fuel consumption by at least 10%. 

ADNOC L&S has the largest and most diversified fleet in the Middle East, with more than 200 vessels transporting crude oil, refined products, dry bulk, containerized cargo, LPG and LNG to global markets. 

Over the past 24 months, ADNOC L&S has acquired 16 deepsea vessels, including eight very large crude carriers in 2021, that added 16 MMbbl of capacity. Furthermore, the company acquired six product tankers, which expanded the product tanker fleet capacity to more than 1 million metric tonnes as well as five VLGCs for AW Shipping.