ADNOC Expands LNG Fleet With $900 Million Order in China

These vessels, slated for delivery in 2029, expand the company’s newbuild program to 18 ships. The investment follows previous acquisitions from the same shipyard, where six 175,000-cubic-meter carriers are already operational. ADNOC L&S intends to deploy these new assets under long-term charters to stabilize energy flows and secure predictable revenue streams.

Beyond the Shanghai order, the company maintains active construction projects at South Korea’s Samsung Heavy Industries and Hanwha Ocean. Eight additional carriers, representing a $2.5 billion investment, are scheduled for delivery beginning in 2028. These vessels are already committed to 20-year charters with ADNOC Gas, reinforcing the state energy giant’s move to lock in long-term supply agreements. Recent activity includes a 15-year deal to supply the upcoming Ruwais LNG project to Japan’s Inpex, highlighting the pace at which the firm is securing its market position ahead of the facility's 2028 startup.