ADNOC Eyes LNG Stake; VLCC Orders Hit 25-Year High on Longer Routes

ADNOC's XRG is in talks to acquire up to 50% of Energos Infrastructure, a floating-LNG firm valued at ~$3B, while VLCC orders in 2026 have reached a 25-year high. Both moves signal a structural shift toward longer shipping routes, driven by geopolitical disruptions and energy security concerns. This indicates sustained demand for tanker and LNG capacity, with implications for freight rates and energy supply chains.