Gaztransport and Technigaz (GTT), the French engineering and technology company specializing in the design of membrane containment systems for shipping, said its main business activity was at an all-time high for conventional LNG carriers amid growing orders also from the fuel and bunkering sector.
French energy company Total said one of its subsidiaries and Japanese shipping operator Mitsui OSK Lines (MOL) have signed a long-term charter contract for a large LNG bunkering vessel to operate in Northwest European ports.
Mitsui OSK Lines President and Chief Executive Junichiro Ikeda said the Japanese shipping group, with a liquefied natural gas fleet operation of 70 vessels, had made bold decisions on LNG and other sectors and looked forward to long-term growth and steady earnings.
Japanese conglomerate Mitsui and Russian natural gas and LNG supplier Gazprom have signed a framework agreement for cooperation on small-scale and mid-scale LNG projects.