LNG

Gaztransport and Technigaz (GTT), the French maritime LNG storage technology company, has named Jean-Baptiste Choimet to the position of Chief Executive of GTT as part of a new strategy to adopt more green policy governance.

GTT said that Choimet was scheduled to take up his post on June 12, 2024.

Aged 42, Choimet is a graduate of one of France’s grande école, the Ecole Polytechnique, and is a graduate in Advanced Chemical Engineering Practice from Cambridge University in England.

Jean-Baptiste Choimet joined the GTT group in 2020 and became Managing Director of Elogen, a subsidiary of the Group specializing in design and manufacturing of electrolysers to produce green hydrogen.

Background

Hydrogen energy has gathered substantial support from industry, government and the public to position it as a pivotal future fuel source.

However, its commercial realisation faces significant hurdles, including slow infrastructure growth and the high cost of producing clean hydrogen solely from renewable energy sources like wind and solar.

In his earlier career, Choimet also contributed to the development of the Dunkirk LNG terminal project by French utilty EDF before joining French banking group Société Générale to create the LNG trading desk.

In 2012, he joined French LNG engineering company Technip, where he held commercial functions and worked on major LNG projects in Australia and Russia.

He joined the Bouygues Construction group in 2019 where he oversaw operations for the deployment of telecoms networks.

GTT said that the decision to appoint Choimet to replace Philippe Berterottière, the currently CEO, was taken “unanimously by the Board of GTT and “as the culmination of a rigorous selection process” led by the Appointments and Remuneration Committee, chaired by Catherine Ronge.

“Furthermore, so that GTT can continue to benefit from the experience and commitment of Philippe Berterottière to the success of the group, the Board of will renew the latter in his role as Chairman of the Board for the remaining period of his term of office as director,” GTT explained.

Paris-based GTT stated that these decisions were part of the separation of the functions of Chairman and CEO decided by the GTT Board of Directors on February 17, 2022.

“The new governance of the GTT group will take effect on June 12, 2024,” GTT said.

Catherine Ronge, head of the nominations and committee, said that as part of a demanding process initiated several months ago, the committee had reviewed several high-quality applications.

“The managerial and professional skills, particularly in the key areas of LNG and hydrogen, the personal qualities and achievements of Jean-Baptiste Choimet in the General Management of Elogen were assessed by the Board as particularly in line with GTT's requirements and the group's development strategy,” Ronge declared.

“Jean-Baptiste Choimet's sustained involvement with the Group and its teams will constitute an essential asset to ensure a seamless transition, within the framework of the new governance of the GTT group,” she added.

Strategy

Outgoing CEO Berterottière said he was proud of the ambitious development strategy pursued by the GTT group, both in its core business and in its new markets.

“Faithful to its purpose, GTT has been able to initiate an in-depth transformation to support its clients in facing their future challenges and contribute to building, with them, a sustainable world,” stated Berterottière.

“I am delighted with the appointment of Jean-Baptiste Choimet to accelerate GTT’s progress in this direction,” he added.

“Together, we share the same passion for technology and innovation, as well as a strong attachment to the GTT group, which I will be proud to continue to serve, alongside him, in my role as President,” added Berterottière.

Future CEO Choimet thanked the board for the trust in him it had demonstrated.

“I look forward to working with all the teams of the GTT group and to being supported in this great mission by Philippe Berterottière, with whom I have worked in trust for more than three years,” declared Choimet.

“I approach this new role with enthusiasm at the head of a group which is today a leading global technological player in the maritime and energy world,” he stated.

“I will be keen to mobilize the teams to continue and accelerate the evolution of the GTT group towards the technologies the world will need in the coming decades,” the incoming CEO added.

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Électricité de France, the French utility business known as EDF and a former large player in the LNG market before partially pooling its activities separately with Japan’s JERA Co. Inc., is now being overtaken by its financial difficulties amid concerns about future power shortages in the country.

French and Spanish engineering companies have been awarded the contract for the onshore LNG import terminal being developed at Brunsbüttel on the Elbe River north of Hamburg.

The Norwegian Ministry of Petroleum and Energy has issued details of the 2022 oil and natural gas exploration and production licence round for allocations in predefined areas (APA) on the Norwegian Continental Shelf and with the application deadline set for Monday 12th of September 2022.

French oil and gas major Total said it completed the first ship-to-containership liquefied natural gas bunkering operation in France’s waters at the Channel port of Dunkirk.

The liquefied natural gas import terminal at Dunkirk on the French Channel Coast has opened its truck-loading bay as small-scale LNG and fuel usage increases in Europe.

“Ship owners and haulage companies as well as remote industry increasingly choose LNG as alternative low emission fuel. Their supply can now be sourced from the Dunkirk LNG terminal,” said the French Dunkerque LNG operating company .

Following its commercial entry into service, the newly commissioned truck-loading bay at the Dunkirk terminal offers a loading capacity of 3,000 slots per year.

The Dunkirk import facility is owned and operated by Dunkerque LNG, a company 61 percent held by a consortium including Belgian gas infrastructure group Fluxys, as well as funds such as AXA Investment Managers on behalf of its clients and France’s Crédit Agricole Assurances.

A further 39 percent is owned by a consortium of South Korean investors led by IPM Group in cooperation with Samsung Asset Management.

Juan Vazquez, Chief Executive of Dunkerque LNG, said he was delighted with the start-up of services for the trucking industry.

“This project has successfully come to fruition through our collaboration with the Port of Dunkirk, one of our main partners in the development of this new service,” explained Vazquez.

“With a capacity of almost 2,000 loading slots available between now and the end of the year, our first bay is ready to welcome customers,” stated the CEO.

The company said the service was straightforward and trucking customers can book loading slots online 24/7.

“After online training, drivers can fully autonomously load LNG in just one hour and 30 minutes thanks to a flow rate of 50 cubic metres per hour,” said Dunkerque LNG.

“The increasing demand for cleaner energy in maritime and road transport as well as in the industrial sector has brought LNG to the forefront as an attractive alternative due to its low emission profile,” added the company.

The terminal is located alongside Dunkirk's Western Harbour and began importing cargoes in 2016.

The jetty is large enough to enable the unloading and reloading of the largest LNG carriers up to 266,000 cubic metres capacity and it has three tanks. each with 200,000 cubic metres of storage.

Elengy, the main French LNG terminal operator, said it was preparing the launch in February of a sale of 10-year access capacities for the Fos Tonkin import facility near the Mediterranean port of Marseille.