As a part of its expansion strategy, ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC) announced that it has signed a ship building contract to construct two liquified natural gas (LNG) vessels.
The two vessels will be built at the Jiangnan Shipyard in China with a capacity of 175,000 cubic meters per each and they will join the company’s fleet in 2025.
The construction of the new LNG vessels came as a part of ADNOC’s 2030 growth strategy, supporting its existing LNG business as well as its ambitions to grow its LNG production capacity.
On this occasion, Abdulkareem Al Masabi, CEO of ADNOC L&S, said: “The expansion and modernization of our LNG fleet will be a key enabler of ADNOC L&S’ growth strategy. This acquisition helps future-proof our fleet with more sustainable, modern vessels capable of serving our customers for the next 25 years and deepens our partnership with Jiangnan Shipyard.”
Also, Lin Ou, Chairman of Jiangnan Shipyard, said: “We are extremely proud to continue our relationship with ADNOC L&S. This order for large LNG carriers is another milestone in the strategic portfolio of Jiangnan shipyard. We are committed to delivering these vessels on time, with good quality and ensuring the highest possible customer satisfaction.
The new LNG vessels will be larger than the current ADNOC L&S fleet of LNG vessels which have a capacity of 137,000 cubic meters each. Each of the new build vessels will carry enough LNG to power 45,000 homes for a year.
The the new ships will involve engine’s technology which allow emissions reduction ( CO2, NOX and SOX ) and in combination with the innovative Air Lubrication System further reduce fuel consumption by at least 10%. They also have partial reliquefication systems which allow for a further reduction of emissions and conserve the cargo.