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ADNOC orders two LNG tankers

from Shanghai yard

TRANSPORT ABU Dhabi National Oil Co. (ADNOC) has System, further reduce fuel consumption by at
confirmed it is to order two 175,000 cubic metre least 10%.
LNG tankers from Shanghai’s Jiangnan Shipyard Jiangnan Shipyard has already built five very
as part of plans to expand its shipping fleet and to large gas carriers (VLGCs) for AW Shipping,
raise LNG production. ADNOC L&S’ joint venture company with Chi-
ADNOC Logistics & Services (ADNOC na’s Wanhua Chemical Group.
L&S), the company’s shipping unit, said on April However, this is the first deal for a Chinese
12 that it had signed a contract for the construc- yard solely with a non-Chinese, international gas
tion of two 175,000 cubic metre LNG vessels and major.
expected that they would be delivered in 2025. Shanghai’s Jiangnan yard is owned by China
ADNOC said that the new vessels would sup- State Shipbuilding Corporation.
port its existing LNG business and its ambitions Over the past two years, ADNOC L&S has
to grow its LNG production capacity. acquired 16 deep-sea vessels, including eight
The vessels will be significantly larger than very large crude carriers (VLCCs) with 16mn
ADNOC’s existing ships, which have a capacity barrels of capacity, and six product tankers,
of 137,000 cubic metres, and will use 10% less which expanded the product tanker fleet capac-
fuel. ity to over 1mn tonnes.
The acquisition of larger, more energy-ef- The deal comes as European buyers are
ficient vessels will allow ADNOC L&S to meet looking to source gas from non-Russian sup-
growing customer demand while improving the pliers after the EU has declared it will reduce
environmental footprint of its fleet. its imports of gas from Russia, with a total halt
The new vessels’ engine technology will slash to Russian gas imports from Russia possible by
emissions (CO2, NOX and SOX) and, in com- 2025.™
bination with the innovative Air Lubrication

P10 www. NEWSBASE .com Week 15 15•April•2022