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GTT receives new LNG tank design order from Hudong-Zhonghua

Clean fuel - Offshore Energy · Ajsa Habibic · last updated

GTT receives new LNG tank design order from Hudong-Zhonghua - Offshore Energy

GTT receives new LNG tank design order from Hudong-Zhonghua

French LNG containment specialist GTT has secured an order from Chinese shipbuilder Hudong-Zhonghua Shipbuilding (Group) Co. Ltd. for the tank design of two new LNG carriers.

GTT said the order was received in the second quarter and was placed on behalf of an undisclosed Asian shipowner.

The French company will design the tanks of the two vessels with a capacity of 174,000 m3 each. The tanks will be fitted with the NO96 L03+ membrane containment system developed by GTT.

The delivery of the LNG carriers is scheduled between the fourth quarter of 2025 and the first quarter of 2026. Further details were not revealed.

Most recently, GTT received an order from South Korean shipyard Hyundai Samho Heavy Industries for the tank design of two new LNG carriers with a capacity of 174,000 m3 each.

The company ended the first quarter of 2023 with revenues of €80 million and a high level of orders, including one FLNG.
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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.

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