GTT scores contract from HD Hyundai Heavy for 17 LNG carriers

French LNG containment giant GTT has won a large order from South Korea’s HD Hyundai Heavy Industries to design the tanks of 17 LNG carriers with a capacity of 174,000 cbm.

Paris-based GTT said the tanks will be fitted with the company’s Mark III Flex membrane containment system.

GTT said HHI will deliver the vessels to a “leading LNG player” between the first quarter of 2027 and the third quarter of 2029.

State-owned LNG giant QatarEnergy recently signed a deal for 17 LNG carriers with HHI as it continues to hold talks with other yards over the second phase of its giant shipbuilding program.

The shipbuilding deal is worth about $3.9 billion.

Prior to this, QatarEnergy signed a deal with HHI in 2020 to reserve slots for its shipbuilding program.

The contract marks the start of the second phase of QatarEnergy’s LNG ship acquisition program.

Under the first phase, QatarEnergy contracted 60 LNG carriers at South Korea’s three shipbuilders HHI, Samsung Heavy, and Hanwha Ocean, and China’s Hudong-Zhonghua.

This agreement brings the total number of confirmed new LNG vessels to be delivered to QatarEnergy and its affiliates to 77, with more to follow, QatarEnergy previously said.

Most Popular

Venture Global LNG slashes IPO price range

Venture Global initially planned to offer 50 million of its Class A common stock priced between $40 and $46...

Summit urges Petrobangla to reconsider decision on Bangladesh’s third FSRU

Summit said in a statement on Wednesday that the termination was "not only invalid but that any delay to...

U-Ming enters into LNG shipping with K Line deal

U-Ming said in a statement that the two firms teamed up on the ownership of one LNG carrier under...

More News Like This

CMA CGM orders 12 LNG-powered containerships at HD Hyundai Heavy

HD Hyundai Heavy's parent KSOE announced on Thursday that HD Hyundai Heavy will build 12 vessels with a capacity...

China’s Hengli gets license to use GTT tech

French LNG containment firm GTT has signed a technical assistance and license agreement with Hengli Shipbuilding (Dalian), part of...

GTT, China Offshore ink FLNG, FSRU pact

French LNG containment giant GTT signed a strategic cooperation agreement with China Offshore Engineering & Technology in Shanghai to...

Hudong-Zhonghua delivers new QatarEnergy LNG carrier

China's Hudong-Zhonghua has delivered another 174,000-cbm liquefied natural gas (LNG) carrier built as part of the massive QatarEnergy shipbuilding...