ADNOC Logistics & Services (ADNOC L&S) said on Thursday it will be purchasing three more liquefied natural gas (LNG) vessels.
The new-build LNG vessels, each with a capacity of 175,000 m3, are significantly larger than the current ADNOC L&S fleet, which have a capacity of 137,000 m3 each.
ADNOC L&S, previously announced in April 2022 that it will acquire two LNG vessels, which brings 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.
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.
ADNOC L&S, the shipping and maritime logistics arm of ADNOC, is region’s largest shipping and logistics company.
Captain Abdulkareem Al Masabi, CEO of ADNOC L&S, said, “ADNOC is an active player in the evolving global energy landscape, where natural gas and LNG are playing an increasingly important role. ADNOC L&S’ strategic acquisition of five state-of-the-art LNG vessels will support ADNOC’s existing LNG business as well as its significant growth plans.”
The company said that acquisition of larger and more energy efficient vessels will allow it to meet growing customer demand while improving the environmental footprint of its fleet.
The new vessels’ engine technology will reduce emissions (CO2, NOX and SOX) and in combination with the innovative Air Lubrication System, further reduce fuel consumption by at least 10 percent, the company said.
