Adnoc May Expand LNG Tanker Fleet for Global Growth

Abu Dhabi National Oil Co.’s shipping arm is evaluating the purchase of liquefied natural gas tankers as the state producer accelerates its push into global gas trading.

Adnoc Logistics & Services may order four to six vessels to support the group’s expanding international business, Chief Executive Officer Abdulkareem Al Masabi said in an interview Wednesday. The order would come in addition to 14 LNG carriers already contracted to serve export projects in the United Arab Emirates.