LNG

March 10 (LNGJ) - French liquefied natural gas storage technology firm Gaztranzport and Technigaz (GTT) is closely monitoring the evolution of the situation in Ukraine and Russia in close coordination with its partners. “GTT is taking all necessary measures to protect its employees and stakeholders, in compliance with international sanctions. Under the current context, there is a potential risk for the continuation and proper execution of certain contracts,” said GTT.

   GTT is currently overseeing the design of storage tanks for LNG carriers and gravity-based structures for the Arctic LNG II project on the Gydan Peninsula. “As of December 31, 2021, approximately €100 million ($110M), representing 12 percent of the order book, correspond to units under construction in Russia,” explained GTT. “The realisation of this order book is planned over a period of five years between 2022 and 2026,” it added.