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Adnoc L&S Orders Three New VLGCs with $324mn Investment

ADNOC Logistics & Services plc (ADNOC L&S) has placed an order for three new Very Large Gas Carriers (VLGCs) with a total investment of US$324 million (AED 1.19 billion), further expanding its gas shipping fleet.

The new vessels, each with a capacity of 90,000 cubic metres (cbm), are scheduled for delivery in the second half of 2029.

Upon delivery, the three VLGCs will be deployed under seven-year contracts with ADNOC Global Trading (AGT), providing long-term fleet utilization and supporting ADNOC’s global gas trading activities.

The latest fleet investment forms part of ADNOC L&S’s ongoing efforts to expand its gas shipping capabilities and strengthen its position in the global energy logistics market.

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