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Events / Business / ADNOC L&S orders four LNG carriers
Business fleet expansion

ADNOC L&S orders four LNG carriers

Analysis based on 10 articles · First reported Mar 09, 2018 · Last updated Jul 10, 2026

Sentiment
40
Attention
3
Articles
10
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

The order signals strong demand for Liquefied natural gas shipping and Abu Dhabi National Oil Company L&S' confidence in the market, potentially boosting its revenue visibility through long-term charters. It also strengthens ties with Chinese shipbuilders and supports Abu Dhabi National Oil Company's broader Liquefied natural gas export ambitions.

Oil and Gas Shipping
Event Summary

Ventura Logistics Services (Abu Dhabi National Oil Company L&S) placed a $900 million order for four next-generation Liquefied natural gas carriers from Jiangnan Shipyard in Shanghai, China, with delivery scheduled for 2029. This brings Abu Dhabi National Oil Company L&S' total Liquefied natural gas newbuild program to 18 vessels. The company also took delivery of the first of four Very Large Ammonia Carriers (VLACs) from Jiangnan Shipyard. Abu Dhabi National Oil Company L&S has committed over $5 billion to fleet expansion since 2022, including orders through its joint venture Oman Shipping Company. The new vessels will support Abu Dhabi National Oil Company's Liquefied natural gas growth strategy targeting 47 million tonnes per annum by 2035.

Key Actions
70 Ventura Logistics Services ordered four Liquefied natural gas carriers Jiangnan Shipyard
70 Abu Dhabi National Oil Company signed 15-year SPA Inpex
60 Oman Shipping Company ordered four VLACs and nine VLECs Jiangnan Shipyard
60 Ventura Logistics Services committed over $5 billion to fleet expansion
50 Ventura Logistics Services took delivery of first VLAC
Entities Involved
priv
Ventura Logistics Services
Abu Dhabi National Oil Company L&S is the main actor, ordering four Liquefied natural gas carriers and expanding its fleet, enhancing its capacity and revenue visibility.
Importance 100.0 Sentiment 60.0
priv
Jiangnan Shipyard
Jiangnan Shipyard secured a $900 million order, reinforcing its long-term partnership with Abu Dhabi National Oil Company L&S.
Importance 80.0 Sentiment 50.0
priv
Abu Dhabi National Oil Company
Abu Dhabi National Oil Company's subsidiary's expansion supports its Liquefied natural gas growth strategy and marketing platform targeting 47 mtpa by 2035.
Importance 70.0 Sentiment 55.0
per
Abdulkareem Al Masabi
Abdulkareem Al Masabi, CEO of Abu Dhabi National Oil Company L&S, signed the contract and expressed confidence in Liquefied natural gas shipping market.
Importance 60.0 Sentiment 45.0
cmdt
Liquefied natural gas
Liquefied natural gas is the commodity central to the event, with growing demand driving fleet expansion.
Importance 60.0 Sentiment 50.0
stock
ADNOC Gas
ADNOC Gas has long-term charters for five Liquefied natural gas carriers and eight under construction, ensuring stable revenues.
Importance 50.0 Sentiment 40.0
per
Sultan Al Jaber
Sultan Al Jaber witnessed the contract signing and visited Jiangnan Shipyard, underscoring Abu Dhabi National Oil Company's commitment.
Importance 50.0 Sentiment 40.0
stock
Wanhua Chemical Group
Wanhua Chemical Group is a joint venture partner in Oman Shipping Company, which ordered VLACs and VLECs.
Importance 40.0 Sentiment 35.0
priv
Oman Shipping Company
Oman Shipping Company placed a $1.9 billion order for four VLACs and nine VLECs, with two VLECs delivered in 2025.
Importance 40.0 Sentiment 35.0
per
Xiao Wenlin
Xiao Wenlin, CEO of Jiangnan Shipyard, signed the contract and highlighted the long-standing partnership.
Importance 40.0 Sentiment 35.0
cnt
United Arab Emirates
UAE's Abu Dhabi National Oil Company L&S expands its fleet, supporting the country's energy export ambitions.
Importance 40.0 Sentiment 45.0
cnt
China
China is the construction location for the Liquefied natural gas carriers, strengthening economic ties with UAE.
Importance 30.0 Sentiment 30.0
priv
Samsung Heavy Industries
Samsung Heavy Industries is building eight Liquefied natural gas carriers for Abu Dhabi National Oil Company L&S, scheduled for delivery from 2028.
Importance 30.0 Sentiment 30.0
priv
Hanwha Ocean
Hanwha Ocean is also building eight Liquefied natural gas carriers for Abu Dhabi National Oil Company L&S, alongside Samsung Heavy Industries.
Importance 30.0 Sentiment 30.0
priv
China State Shipbuilding Corporation
China State Shipbuilding Corporation's general manager witnessed the signing, indicating Chinese state support for the deal.
Importance 20.0 Sentiment 25.0
+ 1 more entities View on Dashboard
Relationships
Abu Dhabi National Oil Company related ↔ ADNOC Gas
Abu Dhabi National Oil Company related ↔ Sultan Al Jaber
Abu Dhabi National Oil Company related ↔ Oman Shipping Company
ADNOC Gas related ↔ Sultan Al Jaber
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