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Adnoc Extends $2.7 Billion Ship-Buying Spree as UAE Exports Soar

Bloomberg Markets Tuesday 25 August 2026, 13:56 UTC By Alex Longley 1 min read
Key Points

Adnoc Extends $2.7 Billion Ship-Buying Spree as UAE Exports Soar The UAE’s biggest oil and gas producer ordered two more liquefied natural gas carriers, extending a recent spree of vessel purchases that will help expand energy exports in the coming years. Abu Dhabi National Oil Co.’s shipping arm spent $444 million on two newbuild LNG ships that will be delivered in 2029, according to a statement. The company has now spent $2.7 billion on vessels yet to be built this year, it said.

Adnoc Extends $2.7 Billion Ship-Buying Spree as UAE Exports Soar The UAE’s biggest oil and gas producer ordered two more liquefied natural gas carriers, extending a recent spree of vessel purchases that will help expand energy exports in the coming years. Abu Dhabi National Oil Co.’s shipping arm spent $444 million on two newbuild LNG ships that will be delivered in 2029, according to a statement. The company has now spent $2.7 billion on vessels yet to be built this year, it said.
Abu Dhabi National Oil Co.’s (ORG) LNG (ORG)
Originally published by Bloomberg Markets Read original →

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