LNG

ADNOC is preparing to sign orders for a new batch of LNG carriers at Chinese shipyards in the coming days, the head of ADNOC Logistic & Services, Abdulkareem Al Masabi said. Four to six 175,000-cubic-meter LNG carriers will be ordered to accelerate the company’s entry into the global gas trading market. The latest move follows an order for six LNGC’s worth more than $1.2 billion from China's Jiangnan Shipyard, with the first vessel delivered in April.