Adnoc places LNG carrier order at China’s Jiangnan

A unit of UAE’s Abu Dhabi National Oil Co (Adnoc) has ordered two large LNG carriers at China’s Jiangnan Shipyard, according to shipbuilding sources.

Under the deal, Jiangnan would build two 175,000-cbm LNG carriers for Adnoc Logistics & Services, two shipbuilding sources told LNG Prime on Wednesday.

The order also includes an option for two additional vessels, the sources said.

Besides WinGD dual-fuel engines, the vessels would feature GTT’s Mark III Flex membrane system, one source said.

Also, the price tag of the vessels was not revealed but the source said that Adnoc could pay about $200 million per ship.

Jiangnan would deliver the LNG carriers in the first half of 2025, according to the source.

First order for large LNG carriers

With this contract, the Chinese shipbuilder has received its first order for large LNG carriers.

Last year, the yard signed a letter of intent with CSSC Shipping, the financial leasing unit of its parent China State Shipbuilding Corporation, to build up to two large LNG vessels.

In December, Jiangnan started building a 79,800 cbm LNG carrier for compatriot energy firm Jovo, entering the mid-scale LNG carrier market.

On the other side, Adnoc Logistics & Services recently signed a second FSU deal with Singapore’s LNG firm AG&P.

As part of the deal, AG&P will lease the 1995-built, 137,315-cbm LNG carrier Ish from Adnoc Logistics & Services and convert it to an FSU.

Adnoc Logistics & Services currently owns eight LNG carriers built between 1994 and 1997.

Most Popular

Woodside terminates Commonwealth LNG SPA

Australian LNG player Woodside has terminated its two LNG sale and purchase agreements with US LNG terminal developer Commonwealth LNG.

Energy Transfer seals Lake Charles LNG supply deals

Texas-based Energy Transfer has signed new supply deals for its planned Lake Charles LNG export facility in Louisiana as it works to take a final investment decision by the end of this year, according to its management.

Thailand in Alaska LNG talks

Thailand's PTT and Egco will engage in further discussions to potentially participate in the development and buy volumes from the planned Alaska LNG project, according to Thailand's Ministry of Energy.

More News Like This

Adnoc Gas says Q1 net income climbs to $1.27 billion

Adnoc’s gas and LNG unit, Adnoc Gas, reported a net income of $1.27 billion in the first quarter of this year, a rise of 7 percent year-on-year.

India’s HPCL, Adnoc ink LNG supply deal

India’s Hindustan Petroleum, a unit of state-owned ONGC, has signed a deal with a unit of UAE's Adnoc to secure LNG supplies for its 5 mtpa Chhara LNG import terminal in Gujarat.

Jiangnan to build one LNG bunkering vessel for SIPG

Chinese shipbuilder Jiangnan has secured a contract to build one large LNG bunkering vessel for compatriot Shanghai International Port (SIPG).

Adnoc, ENN seal 15-year LNG SPA

UAE’s Adnoc has signed a 15-year sales and purchase agreement with Chinese independent gas distributor ENN to supply the latter with LNG from its LNG terminal in Al Ruwais.