GTT scores new LNG tank gig

French LNG containment giant GTT has secured a new order for four 174,000-cbm liquefied natural gas carriers.

GTT said in a statement on Thursday that it has received the order in the second quarter of this year from an Asian shipyard and the vessels will be built for an Asian shipowner.

The Paris-based firm will design the tanks of these four vessels, and the tanks will be fitted with a membrane containment system from GTT’s NO96 series developed.

GTT said deliveries of the vessels are scheduled between the first and third quarters of 2027.

The company did not provide any further information regarding the deal.

QatarEnergy shipbuilding program

This order could be related to the four LNG carrier Hanwha Ocean, previously known as DSME, won as part of the massive QatarEnergy shipbuilding program.

Hanwha Ocean announced on April 2 the order worth about $920 million saying it will deliver the vessels to an Asian shipowner by August 2027.

Prior to that, QatarEnergy announced on March 31 that it has signed time charter agreements for 19 LNG carriers as part of the second phase of the shipbuilding program, saying that four of these 174,000 cbm vessels will be built by Hanwha Ocean.

The four carriers will be owned by a joint venture of Japan’s K Line and South Korea’s Hyundai Glovis.

Including 16 QC-Max LNG carriers, QatarEnergy’s massive shipbuilding program includes the construction of 122 vessels.

GTT received orders for 73 LNG carriers and one FLNG in 2023, following record 162 orders for LNG carriers in 2022 and 68 orders in 2021.

The company’s CEO and chairman Philippe Berterottière said in February the market requires up to 95 additional LNG carriers to ship contracted volumes of LNG from plants under construction.

Berterottière said during GTT’s 2023 results presentation that these estimates do not include the announcement by QatarEnergy regarding a third LNG expansion of the giant North Field with a capacity of 16 mtpa.

- Advertisements -

Most Popular

China’s Wison wins Indonesian FLNG gig from Genting

China's Wison New Energies has secured a contract from a unit of Genting to build a floating LNG unit...

US FERC to decide on Venture Global’s CP2 LNG project

The US FERC is set to decide next week on Venture Global LNG's proposed CP2 LNG project in Louisiana. According...

Golden Pass LNG to speed up pipeline construction

QatarEnergy and ExxonMobil are seeking approval from US energy regulators to increase the peak workforce to speed up the...

More News Like This

GTT gets approvals for its new LNG containment system

French LNG containment giant GTT has secured approvals from two classification societies for its Next1 LNG cargo containment system. GTT...

Gulfstream LNG picks GTT to provide tank tech for its Louisiana export project

Houston-based Gulfstream LNG has selected French LNG containment giant GTT to provide LNG tank technology for its planned onshore...

MOL’s LNG carrier equipped with new GTT containment tech delivered in China

China's Hudong-Zhonghua hosted a naming ceremony on Wednesday for MOL’s 174,000-cbm LNG carrier, Greenergy Ocean, equipped with GTT’s NO96...

PipeChina gets license to use GTT tech

French LNG containment firm GTT has signed a license agreement with a unit of state-owned LNG terminal operator PipeChina. According...