National Gas Shipping Company Limited in Dubai Directory
National Gas Shipping Company, Ltd. (NGSCO) was formed in December 1993 to cater for the shipping requirements of Abu Dhabi Gas Liquefaction Company Limited (ADGAS). Since the start of the export of Liquefied Natural Gas (LNG) from Das Island in 1977, the shipping requirements had been met by chartering third party LNG carriers. However, in conjunction with the expansion of the liquefaction plant on Das Island and the agreement for a further 25 years business with Tokyo Electric Power Co. (TEPCO) in Japan, it was decided that new ships would be required to meet ADGAS’s commitment. It was decided that the vessels would be demise owned by NGSCO on an initial 25 years charter and NGSCO as the owning company would employ managers to cover the manning and day to day management of the vessels. NGSCO operates the LNG vessels, supervises and monitors the appointed ship managers, in 2004 NGSCO commenced taking over the full management of its vessels and has achieved so far 50% of the fleet and expects to complete the process by the end of 2007. The first vessel Al Khaznah, was delivered in July 1994 followed by a further seven vessels, the last of which was delivered in June 1997. The first four vessels were built in Japan, while the other four vessels were built in Finland. Both the Japanese and Finnish built vessels are of the Moss Rosenberg design and were the largest LNG carriers in the world when built. In addition to the supply of LNG shipping to ADGAS, NGSCO has a contract of affreightment for the carriage of LPG from Das Island and it charter a Sulphur vessel from ADNATCO. Also, there is a separate shipping service agreement between NGSCO and ADGAS under which NGSCO supplies shipping advice and expertise to ADGAS.
Address: P.O. Box 2600 - Abu Dhabi, United Arab Emirates.