GTT wins contracts to design tanks for three LNG carriers

GTT wins contracts to design tanks for three LNG carriers

(IN BRIEF) French engineering company GTT has secured two orders for three new Liquefied Natural Gas Carriers (LNGCs) from the Korean shipyard Daewoo Shipbuilding & Marine Engineering. The deal involves GTT designing the tanks of the vessels, which will each have a total cargo capacity of 174,000 m3 and be fitted with the NO96 GW membrane containment system. Two of the vessels will be built for a European shipowner, while the third will be constructed for an Asian shipowner. Delivery of the vessels is expected to take place between Q1 and Q2 2027.

(PRESS RELEASE) PARIS, 5-Apr-2023 — /EuropaWire/ — GTT announces that it has received, in the first quarter of 2023, two orders from its partner the Korean shipyard Daewoo Shipbuilding & Marine Engineering for the tank design for a total of three new Liquefied Natural Gas Carriers (LNGC), two on behalf of a European ship-owner, and the other for an Asian ship-owner.

GTT will design the tanks of these three vessels, which will each offer a total cargo capacity of 174,000 m3 and will be fitted with the NO96 GW membrane containment system, developed by GTT.

The delivery of the vessels is scheduled between the first and the second quarters of 2027.

About GTT

GTT is a technological expert in containment systems with cryogenic membranes used to transport and store liquefied gases. For over 50 years, GTT has been designing and providing cutting-edge technologies for a better energy performance, which combine operational efficiency and safety, to equip LNG carriers, floating terminals, land storage, and multi-gas carriers. GTT also develops systems dedicated to the use of LNG as fuel, as well as a full range of services, including digital services in the field of Smart Shipping. The Group is also active in hydrogen through its subsidiary Elogen, which designs and assembles electrolysers notably for the production of green hydrogen.

GTT is listed on Euronext Paris, Compartment A (ISIN FR0011726835 Euronext Paris: GTT) and is notably included in SBF 120, Stoxx Europe 600 and MSCI Small Cap indices.

For more information, visit www.gtt.fr.

Media Contact:
press@gtt.fr
+33 (0)1 30 23 20 43

Investor Relations contact:
information-financiere@gtt.fr
+ 33 (0)1 30 23 20 87

SOURCE: GTT