Cosco Shipping’s yard gets license to use GTT tech

French LNG containment firm GTT has signed a technical assistance and license agreement with Chinese shipyard Cosco Shipping (Qidong) Offshore, a unit of Cosco Shipping.

This new agreement enables the yard to construct GTT’s technologies for offshore LNG units, such as FLNGs or FSRUs, as well as for LNG carriers, according to a GTT statement.

GTT did not provide any additional information.

This yard now could be one of the options, among other Chinese shipbuilders, to build UTM Offshore’s 1.5 mtpa floating LNG producer.

Shipbuilding sources previously told LNG Prime that Chinese yards could build the FLNG for UTM and its contractor Technip Energies/JGC.

Earlier this year, Nigeria’s UTM said that it plans to take FID on the floating LNG project by the end of 2023, but it would most likely delay the decision again.

As per GTT, prior to this deal the ship repair unit of China’s Qingdao Beihai Shipbuilding signed a technical services deal with the French firm to repair liquefied natural gas carriers.

GTT received orders for 52 LNG carriers and one floating LNG producer in the first nine months of this year.

This includes contracts from Chinese shipbuilders Hudong-Zhonghua, Jiangnan, DSIC, and China Merchants Heavy Industry-Jiangsu.

This year, GTT also secured a large tank design order from Chinese shipyard Yangzijiang for ten LNG-powered containerships, while it won the first tank order for LNG carriers from the same shipbuilder last year.

GTT’s chief Philippe Berterottière told LNG Prime on Thursday the company expects there will be more than 450 orders for large LNG carriers over the next ten years

He also said that this year up to date GTT won orders for 65 large LNG carriers and expects a “pretty good year” in 2024 and not “far away from 70 LNG carriers”.

Most Popular

India’s ONGC approves Mozambique LNG investment

India’s state-run ONGC has approved an investment by its unit, ONGC Videsh, into the TotalEnergies-led Mozambique LNG joint venture, which is developing a 12.8 mtpa liquefaction plant at the Afungi complex.

Atlantic LNG shipping rates, European prices down

Atlantic LNG freight shipping rates and European prices decreased this week compared to the week before.

Australia’s Viva Energy seeks FSRU for Geelong project

Australia’s Viva Energy is looking to secure a floating storage and regasification Unit (FSRU) for its proposed LNG import terminal in Geelong, Australia.

More News Like This

GTT inks onshore LNG tank pact with China’s BPE

French LNG containment GTT and China's Beijing Petrochemical Engineering (BPE) have signed a deal to cooperate on onshore membrane LNG tanks.

GTT nets new LNG tank gig

France's GTT has secured a new tank design order for two 170,000-cbm liquefied natural gas (LNG) carriers.

GTT makes leadership changes

French LNG containment giant GTT has made changes to its leadership team.

GTT still expects more than 450 LNG carrier orders in next 10 years

French LNG containment giant GTT still expects more than 450 orders for large LNG carriers over the next ten years, according to GTT’s chief Philippe Berterottière.