AsiaContracts and TendersEurope

PipeChina gets license to use GTT tech

By LNG Prime Staff
GTT, PipeChina
Image: GTT

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

According to a statement by GTT, the deal with PipeChina Engineering Technology Innovation (PipeChina Innovation) enables the latter to use GTT membrane containment technology for onshore LNG storage.

Sang Guangshi, general manager of PipeChina Innovation, and Adnan Ezzarhouni, general manager of GTT China, formalized the agreement at GTT’s headquarters. Also, senior executives from both firms, including GTT’s chief Philippe Berterottière, attended the signing ceremony.

“Through this partnership, the two companies are committed to jointly pursuing commercial projects dedicated to the construction, in the near future, of onshore LNG storage tanks, equipped with renewable energy storage features and incorporating the GST membrane containment technology developed by GTT,” GTT said.

Last year, GTT and PipeChina Innovation signed a cooperation agreement for the evaluation and further promotion of GTT’s GST membrane full containment tank technology for PipeChina’s upcoming LNG projects.

China launched China Oil and Gas Pipeline Network (PipeChina) in December 2019 to acquire pipelines and LNG import terminals from the country’s state-owned energy giants.

The company operates seven LNG receiving terminals, and is also building three new LNG plants.

On the other hand, GTT is expanding its presence in the onshore LNG tank market in China with this deal.

In January 2023, HQCEC completed the construction of the world’s largest onshore LNG storage tanks incorporating GTT’s GST membrane containment technology at the Tianjin Nangang LNG import terminal owned by China’s Beijing Gas.

Most Popular

Contracts and Tenders

Venture Global seals new deals to support expansion of its power network

US LNG exporter Venture Global has entered into power and grid frame agreements with GE Vernova and Baker Hughes for up to 16 new, 720 MW power island units and associated power transformer equipment, supporting the continued expansion of its existing behind-the-meter, industrial power network that is not reliant on the grid.
LNG Terminals

Venture Global gets approval to place first Plaquemines LNG phase in service

Venture Global’s Plaquemines LNG has secured approval from the US FERC to place Phase 1 of its LNG export plant in Louisiana into service.
Vessels

Hanwha Ocean, Posco plan to build LNG carrier with high-manganese steel tanks

South Korean shipbuilder Hanwha Ocean and steel producer Posco plan to build a liquefied natural gas (LNG) carrier equipped with high-manganese steel cargo tanks.

More News Like This

Research and Development

Shell, GTT, and LR to develop new LNG carrier

UK-based LNG giant Shell, French LNG containment specialist GTT, and classification society Lloyd’s Register have launched a joint development project to develop a conceptual 200,000-cbm LNG carrier combining hybrid-electric propulsion with GTT’s Next1 LNG cargo containment technology.
Vessels

LR: 200,000 cbm LNG carriers could deliver $85.5 million benefit to owners

Classification society Lloyd’s Register (LR) has identified 200,000 cbm LNG carriers as a "credible next step" for global LNG fleet renewal, with a potential owner benefit of approximately $85.5 million over 30 years.
Vessels

China’s Hudong-Zhonghua develops new LNG carrier design

Chinese shipbuilder Hudong-Zhonghua has received approvals from five classification societies for a new LNG carrier design that features GTT's Next1 containment tech.
Vessels

GTT expects 550 LNG carrier orders by 2035

French LNG containment giant GTT expects approximately 550 orders for large LNG carriers over the next ten years, according to chief executive Francois Michel.