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ADNOC Logs $2.7 Billion Vessel Spend Amid Energy Output Growth Plans

Guavy AI Editorial Team
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Natural Gas
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ADNOC Logistics & Services, the shipping division of Abu Dhabi National Oil Co., has spent $2.7 billion on vessels this year after ordering two new liquefied natural gas carriers for $444 million.

The two newly ordered LNG carriers are scheduled for delivery in 2029 and will join ADNOC L&S's fleet of 24 LNG carriers, with 14 currently under construction.

ADNOC Logistics & Services' vessel spending this year covers commitments for newly built ships as well as acquisitions of vessels already operating on the water.

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