ADNOC Logistics and Services (ADNOC L&S) has signed letters of intent with two South Korean shipyards for liquified natural gas (LNG) carriers.

The first contract was signed with Hanwha Ocean Company for the construction of a minimum of at least three LNG carriers with options for at least two additional LNG carriers, the company said in a statement to the Abu Dhabi stock market. 

In a separate statement, the company signed a letter of intent with Samsung Heavy Industries Company to construct a minimum of three LNG carriers, with options for at least two additional carriers.

According to the terms of the letter of intent, each LNG carrier will have a capacity of 174,000 cubic meters.

The carriers are scheduled for delivery in 2028, the statements said.

The value of the deals was not given.

(Writing by P Deol; Editing by Anoop Menon)


Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.