COSCO Shipping licensed to construct GTT’s systems for offshore LNG units
COSCO Shipping licensed to construct GTT's systems for offshore LNG units - Offshore Energy
COSCO Shipping licensed to construct GTT’s systems for offshore LNG units
French LNG containment specialist GTT and Chinese shipyard COSCO Shipping (Qidong) Offshore, a subsidiary of shipping and logistics company COSCO Shipping, have signed a technical assistance and license agreement (TALA) for the construction of GTT membrane containment systems.
Specifically, this agreement enables the shipyard to construct GTT’s technologies for offshore LNG units, such as floating liquefied natural gas (FLNG) units or floating storage regasification units (FSRUs), as well as for liquefied gas carriers, GTT said.
To remind, in 2021, GTT signed a technical assistance and license agreement (TALA) with COSCO Shipping for the construction of membrane tanks.
According to GTT, the agreement enabled COSCO Shipping Qingdao to offer solutions using GTT’s membrane containment systems for the construction of several types of LNG storage for both marine and onshore applications.
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This year, GTT received multiple orders for tank designs of LNG carriers (LNGCs) and signed several technical service agreements with different companies, the latest being a deal with the ship repair unit of Qingdao Beihai Shipbuilding, a part of China State Shipbuilding Corporation (CSSC).
GTT said that the agreement allows the unit of Qingdao Beihai Shipbuilding to carry out the dry-docking of membrane-type LNG carriers as well as LNG-powered commercial vessels equipped with the GTT technology, in particular very large capacity vessels.
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Related Knowledge Center: Liquefied natural gas
Driven by plentiful natural gas produced from shale plays, the United States began exporting liquefied natural gas in 2016 when the Sabine Pass terminal in Louisiana opened and shipped its first cargo. Since then, additional capacity, or trains, have been added to Sabine Pass, and terminals have become operational in Cameron Parish, La.; Hackberry, La.; Cove Point, Md.; and Corpus Christi, Texas. The Energy Information Administration projects that U.S. LNG export capacity will reach 8.9 billion cubic feet per day (Bcf/d) by the end of 2019, making it the third largest in the world, behind Australia and Qatar. The tariff war with China has the potential to impact some final investment decisions for additional terminals in the coming months.