AsiaContracts and TendersEurope

GTT bags new LNG tank gig from Hyundai Heavy

By LNG Prime Staff
GTT bags new LNG tank gig from Hyundai Heavy
For illustration only (Image: Hyundai Heavy Industries)

French LNG containment giant GTT said it had won a new order from South Korea’s Hyundai Heavy Industries to design tanks for seven LNG carriers.

According to a GTT statement, the 174,000-cbm LNG carriers would feature its Mark III Flex membrane containment system.

GTT added that HHI plans to deliver the vessels between the third quarter of 2025 and the fourth quarter of 2026 to an Asian owner, but it did not provide any additional information.

This order is probably related to an announcement by Japan’s NYK issued on August 10.

Under the giant shipbuilding program, state-run QatarEnergy has signed deals for seven LNG carriers with an Asian consortium consisting of NYK, compatriot K Line, Malaysia’s MISC, and China LNG Shipping.

NYK said that HHI would build these carriers and deliver them in 2025 and 2026.

HHI’s parent KSOE said in a stock exchange filling in August that the deal had a price tag of about $1.5 billion or some $214 million per vessel.

Most Popular

Contracts and Tenders

Woodside terminates Commonwealth LNG SPA

Australian LNG player Woodside has terminated its two LNG sale and purchase agreements with US LNG terminal developer Commonwealth LNG.
Contracts and Tenders

Energy Transfer seals Lake Charles LNG supply deals

Texas-based Energy Transfer has signed new supply deals for its planned Lake Charles LNG export facility in Louisiana as it works to take a final investment decision by the end of this year, according to its management.
LNG Terminals

Thailand in Alaska LNG talks

Thailand's PTT and Egco will engage in further discussions to potentially participate in the development and buy volumes from the planned Alaska LNG project, according to Thailand's Ministry of Energy.

More News Like This

Contracts and Tenders

GTT to buy Danelec

French LNG containment giant GTT will spend 194 million euros ($219.6 million) to buy Danelec, a Danish provider of digital solutions.
Corporate

GTT secured orders for nine LNG carriers in Q1

French LNG containment giant GTT received orders for nine liquefied natural gas carriers in the first quarter, while its revenue rose 31.6 percent compared to the same period last year.
Research and Development

GTT gets LR OK for Mark III’s ammonia-ready notation

French LNG containment giant GTT has secured approval from classification society Lloyd’s Register for the ammonia-ready notation of its Mark III containment system.
Vessels

VesselsValue: South Korea’s LNG carrier orderbook worth $71.3 billion

South Korean yards have 276 LNG carriers worth $71.3 billion on order, according to the newest data by Veson Nautical’s VesselsValue.

2025. © All rights reserved. LNG Prime LLC. 447 Broadway, New York, NY 10013, USA