ADNOC Logistics & Services Expands LNG Carrier Fleet with Six Newbuild Orders

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.