https://splash247.com/adnoc-lines-up-lng-carrier-newbuilds-at-south-korean-yards/

ADNOC Logistics & Services (ADNOC L&S), the maritime logistics arm of Abu Dhabi National Oil Company (ADNOC), has announced a strategic expansion of its LNG carrier fleet with at least six newbuilds. The company has signed letters of intent with Samsung Heavy Industries and Hanwha Ocean for the construction of three LNG carriers each. The total value of these agreements is approximately $1.5 billion, with options for an additional four newbuilds.

This development was disclosed by the South Korean President's press office as part of a broader trade agreement between South Korea and the United Arab Emirates, signed during a summit on Wednesday. The deal underscores the strengthening economic ties between the two nations and their commitment to advancing the global LNG shipping industry.In addition to these new agreements, ADNOC L&S has six 175,000 cubic meter LNG carriers currently under construction at China’s Jiangnan Shipyard, with deliveries scheduled for 2025 and 2026. This fleet expansion aligns with ADNOC L&S’s strategic objectives to enhance its shipping capabilities and support ADNOC’s growing LNG production and export activities.