INEOS Expands Contract for US Shale Gas to Norway, Scotland

INEOS expanded its contract with Evergas for the transportation of US shale gas to its European cracker complexes in Rafnes (Norway) and Grangemouth (Scotland).

‘INEOS Olefins & Polymers Europe has today confirmed that it has reached an agreement with Evergas to expand its contract for a series of state-of-the-art ethane vessels, that are currently under construction in China, to six vessels,’ reads a note released on Wednesday. 

The agreement secures additional capacity for long-term shipping of US ethane.

‘The new vessels will enter into service in 2015... They will provide INEOS with a flexible solution for their ethane supplies with the option of transporting LNG, LPG as well as petrochemical gases including ethylene,’ David Thompson, Chief Operating Officer INEOS Trading & Shipping, commented.