Gaztransport and Technigaz (GTT), the French technology firm and designer of liquefied natural gas storage tanks, has acquired another French firm specializing in the assembly of electrolysers for the production of green hydrogen, a future fuel to rival LNG.
Qatar Petroleum is finalizing plans to reserve berths for orders of at least 60 LNG carriers from Asian shipyards to give the sector a boost as nations emerge over the next two months from the economic disruptions of the coronavirus.
Hyundai Heavy Industries Group said its shipbuilding units swung back to profit in the third quarter because of increased sales of high-value liquefied natural gas carriers to shipping companies around the world and as more shipyard berths are set to be booked for the next couple of years for LNG projects in nations such as Qatar and Mozambique.