Shanghai, China – ADNOC Supply and Services PLC, referred to as ADNOC Supply and Services, announced on Friday the signing of an agreement with the Jiang Nan Basin in China. To build four new liquefied natural gas tankers, each with a capacity of 175,000 cubic metres. With a total value of 3.3 billion dirhams ($900 million), to enhance its role in transporting the growing global gas production. Highly efficient to meet the rapid growth in demand worldwide.
The tankers are scheduled to be delivered to ADNOC Supply and Services in 2029.
This new order brings ADNOC’s total new LNG tanker construction program to 18 tankers. This confirms its commitment to building one of the most advanced and efficient LNG cargo fleets in the world.
ADNOC Supply and Services received six liquefied natural gas tankers with a capacity of 175,000 cubic meters each from the Jiang Nan Shipyard. With a total value of 4.4 billion dirhams ($1.2 billion), five of them were operated under long-term contracts with ADNOC Gas for a period of up to 15 years. This provides the company with stable and expected cash flows from revenues starting in May 2026.
The four additional new generation LNG carriers are scheduled to operate under long-term lease contracts. This supports the sustainability of financial revenues and enhances the continuity of energy resource flows to global markets in a reliable manner.
