French storage tech firm GTT reports further orders for China LNG ships and outlines plan for modular offering
Gaztransport and Technigaz (GTT), the French LNG storage technology company, has received another order from Dalian Shipbuilding Industry Co. in Northeast China for the tank designs for three LNG carrier newbuilds.
GTT said the latest order was received from its technology partner Dalian Shipbuilding on behalf of Chinese company China Energy.
The Paris-based company added that the tanks chosen for these three vessels, which will each offer a capacity of 175,000 cubic metres, will be the Mark III Flex membrane containment system.
GTT said that the delivery of the vessels was scheduled for the first half of 2027 and the first quarter of 2028.
The latest order is the second this month from the Dalian yard after a previous order for two ships from Sea Jade Investment, a joint venture comprising Hong Kong-based shipping company Wah Kwong as well as China Gas and China Ship Leasing.
Capacities
Those two vessels will each have capacity of 175,000 cubic metres and will be fitted with the GTT Mark III Flex membrane containment system.
The delivery of the vessels for the Sea Jade consortium is scheduled between the first and the third quarters of 2027.
GTT has also noted in its most recent newsletter just published that the LNG sector had demonstrated more than 60 years of successful and safe operations.
The French firm said it had contributed to this success though continuous innovation in new solutions, new design proposals and efficient assistance in the construction of well over 2.500 LNG storage tanks.
Modular tanks
GTT is also advancing marketing propositions for its modular LNG storage tanks that can be delivered by ships or barges, for example, to areas isolated from on the ground engineering expertise.
“Amid rising global energy prices and higher demand, new greenfield onshore projects are running into inflationary headwinds and facing significant challenges to deploy cost-effective LNG storage solutions,” said GTT.
“This is particularly true when accessing remote areas where logistics are complex and skilled manpower is difficult to deploy,” the firm added.
“Moreover, as projects become increasingly modularised, slower erection times inherent to stick-built tanks often drive overall project delivery,” GTT said.
