Qatar Petrochemical Co. (QAPCO) has signed a contract of Affreightment (COA) with the gas shipping company "Eitzen Norgas Gas Carriers (ENGC).
As per the COA contract, ENGC will ship QAPCO's Ethylene expansion Plant's (EP2) products of Ethylene, and ENGC to meet QAPCO's full transportation solution for its ethylene export until end of 2008. Destinations for QAPCO's ethylene exports will cover India, SE Asia and West Europe.
ENGC is a pool established by Eitzen Gas and NGC (Norwegian Gas Carriers) for marine transportation services of petrochemical gases, LPG, ship-to-ship transfer of crude oil etc. ENGC currently operates a fleet of 32 vessels including 30 semi refrigerated ethylene vessels and 2 non-ethylene vessels ranging from 6000 to 12,000 cbm. ENGC boasts one of the leading ethylene transportation service providers in the world. ENGC has dominant presence in the Middle East, handling substantial ethylene business with major petrochemical producers.