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Adnoc L&S Expands LNG Fleet with $444 Million Jiangnan Order

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Adnoc Logistics & Services has exercised options for two additional next-generation liquefied natural gas carriers from China's Jiangnan Shipyard for $444 million, the company said on Tuesday.

The vessels, each with a capacity of 175,000 cubic meters, are scheduled for delivery in 2029, the energy logistics firm said in a statement.

The latest order brings Adnoc L&S' total announced vessel acquisitions and newbuild commitments for 2026 to about $2.7 billion, driven by strong profitability and cash generation.

The purchase expands the company's LNG carrier fleet to 24 vessels. The fleet comprises four legacy carriers, six next-generation vessels delivered since Q4 2024, and 14 others currently under construction.

Upon delivery, the newly ordered ships are expected to be deployed on long-term charters.

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