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18-12-2014
GST® Membrane technology chosen for Liquid Argon onshore tank construction
cern

Paris –  December 18th, 2014. GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext Paris: GTT), world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) is pleased to announce that the GTT Membrane system has been chosen by the particle physics scientific consortium LBNO-DEMO, including CERN (European Centre for Nuclear Research) and ETH Zurich (Swiss Federal Institute of Technology) to be employed in a small tank to contain liquid Argon in order to qualify it for future large scale implementations.

GTT has been selected for its capacity to provide a customized solution for LBNO-DEMO: a small rectangular liquid argon cryostat with a very high insulation performance. The Membrane tank is also designed for integration of a TPC (Time Projection Chamber).

The scientific consortium intends to study particle physics, particularly neutrinos, which are the fundamental constituents of matter and the forces acting between them. In that scope, the new liquid argon cryostat will serve as an experimental device for validating the feasibility, before implementing it in much larger scale.

Mr Philippe Berterottière, Chairman and CEO of GTT said “Our cooperation with CERN demonstrates the GTT ability to offer Membrane technology for other liquefied gases such as Argon. We are proud to see the use of our technologies serving a major European scientific initiative”.

Prof. Dr. André Rubbia, from ETH Zurich and spokesperson of the scientific consortium, said: ”Detecting neutrinos is a very tricky business: neutrinos rarely interact with other particles of matter and we will eventually need to build very large liquid argon chambers of tens of thousands of cubic meters to truly study and understand them. Today we are extremely excited to lead the tests that will allow certifying the use of the GTT membrane technology for the future projects of the worldwide neutrino physics community”.


About CERN
CERN, the European Organization for Nuclear Research, is the world’s leading laboratory for particle physics. It has its headquarters in Geneva. At present, its Member States are Austria, Belgium, Bulgaria, the Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Israel, Italy, the Netherlands, Norway, Poland, Portugal, Slovakia, Spain, Sweden, Switzerland and the United Kingdom. Romania is a Candidate for Accession. Serbia is an Associate Member in the pre-stage to Membership. India, Japan, the Russian Federation, the United States of America, Turkey, the European Union, JINR and UNESCO have Observer Status.

About ETH Zurich
ETH Zurich is one of the leading international universities for technology and the natural sciences. It is well known for its excellent education, ground-breaking fundamental research and for implementing its results directly into practice. 

About LBNO-DEMO project
The European neutrino community has early on recognized the importance of this science and has been supported by the European Commission to prepare the new experiment with two Framework Programme 7 design studies. The consortium has successfully concluded its design phase, including a detailed engineering study of large liquid Argon TPC detectors in the Pyhäsalmi (Finland) site. The consortium is now active in the construction of a large demonstrator LBNO-DEMO and is developing the plans for an underground pilot project (http://www.cern.ch/wa105).

Press contact
press@gtt.fr / +33 130 234 789

 

09-12-2014
Southeast Asia LNG GTT membrane land storage tanks construction for EWC is progressing well
pagbilao

Paris – December 9th, 2014. GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext Paris: GTT), world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) is pleased to announce that the construction of the two LNG storage tanks ordered by EWC in Southeast Asia is progressing well.

In 2009 and 2011, Energy World Corporation (EWC) and GTT signed two contracts for Land storage tank construction in Indonesia and the Philippines, to be equipped with GTT’s GST® Membrane Full Integrity System. For both projects, GTT supervises the detailed design of the storage tank containment systems, provides technical assistance on site during the containment systems installation and will assist the Operator during the whole tank life.

The first project between EWC and GTT is the Sengkang LNG site development project, in Keera, province of South Sulawesi in Indonesia. So far, the walls of the 88.000m3 tank are completed since this summer and the roof installation will start soon. Installation of containment system is planned for beginning of 2015.

The second project of a 130.000m3 LNG storage tank is being built for LNG Hub Terminal on Pagbilao Grande Island, Quezon Province, in the Philippines. Both projects are progressing in parallel, and, as for Sengkang, the containment system is planned for beginning of next year.

Stewart W. G. Elliott, Chairman, Managing Director and Chief Executive Officer of EWC, explained that it is a significant construction step for the Philippines first LNG receiving terminal and for the Indonesian liquefaction plant.

Philippe Berterottière, President & CEO of GTT stated that these projects are significant first steps on the return of GTT membrane type land storage systems to the World market. These projects both benefit from the inherent cost and schedule advantages of the GTT design.

The building site’s images

 

09-12-2014
Temasek buys stake in GTT
temasek

Paris, December 8, 2014 – GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext Paris: GTT), the world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas), announced that Temasek will be acquiring a circa 10.4% stake in the share capital of the company.

Total and Temasek entered into a definitive agreement for the acquisition by Temasek of Total’s entire remaining interest in GTT. During GTT’s initial public offering in February 2014, Total had previously reduced its shareholding from 30% to 10.4%. Completion of the transaction is expected in the coming days.

”We are pleased by Temasek’s acquisition of an interest in our capital, as a long-term shareholder. Its geographical roots and its experience in the LNG and marine industries fit perfectly well with the company’s strategy.” declared Philippe Berterottière, Chairman and CEO of GTT. “With Temasek’s support, our aim is to consolidate our world leading position and expertise in the transport of LNG and to pursue our development in innovative and competitive technologies and in the new growing areas of liquefied gases.”

Upon completion of the transaction, the Company’s share capital will be allocated as follows:
- GDF Suez will hold approximately 40.4% of GTT’s share capital;
- Temasek will hold approximately 10.4% of GTT’s share capital;
- Management and employees will hold approximately 0.2% of GTT’s share capital;
- The public free float will represent approximately 49% of GTT’s share capital, among which circa 5% are held by Hellman & Friedman.

About GTT
GTT (Gaztransport & Technigaz) is the world leader in cryogenic membrane containment systems used in the shipbuilding industry for the transport of LNG. For over 50 years, GTT has offered to its customers technologies which allow them to optimize storage space and reduce the construction and operation costs of ships or tanks equipped with these systems. GTT operates in several sectors: LNGCs (Liquefied Natural Gas Carriers) and VLECs (Very Large Ethane Carriers), Multi-gas carriers, FLNGs (Floating Liquefied Natural Gas units), FSRUs (Floating Storage and Regasification units), onshore storage tanks and the use of LNG as a fuel.

About Temasek
Temasek is an investment company based in Singapore. Supported by 11 offices globally, Temasek owns a S$223 billion (US$177 billion) portfolio as at 31 March 2014.
Temasek’s investment themes centre on: Transforming Economies; Growing Middle Income Populations; Deepening Comparative Advantages; and Emerging Champions. Its portfolio covers a broad spectrum of industries: financial services; telecommunications, media and technology; transportation and industrials; life sciences, consumer and real estate; as well as energy and resources.
For more information on Temasek, please visit www.temasek.com.sg.

GTT Contact:
Cécile Arson, Chief Financial Officer: +33 1 30 23 42 06

03-12-2014
GTT receives the Euronext Paris 2014 best IPO award in the large capitalization category
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Paris, December 03, 2014 – GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext Paris: GTT), world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas), announced it was awarded the prize for the 2014 best IPO in the large capitalization category on Euronext Paris.

Philippe Berterottière, Chairman and CEO of GTT, received the prize of the 2014 best IPO in the large capitalization category at the annual stock market conference organized on December 3, 2014 by Euronext Paris. This prize, awarded by a jury of six independent experts, recognizes the best IPO of the year. GTT was admitted for trading on February 27, 2014, on Euronext Paris, compartment A, and integrated into the SBF 120 index on June 23, 2014.

“The recognition of the excellence in the IPO process is particularly important to us. This prize is a fair reward for the quality of work of GTT staff and notably the team in charge of the project.” Philippe Berterottière declared. “The IPO has given us an extra impetus to consolidate our leadership position and pursue our momentum. With the strong support of our shareholders, we will continue to invest strongly in research and development to offer our clients numerous innovative technologies and grow in new areas of liquefied gazes.”

Contacts:
Lisa Finas, Head of Communication and Investor Relations +33 1 30 23 48 40
Cécile Arson, Chief Financial Officer +33 1 30 23 42 06

02-12-2014
GTT receives an order from Samsung Heavy Industries (SHI) for 3 LNGCs for MBK
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Paris – December 2nd, 2014. GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext Paris: GTT), world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) announced the order for three LNG Carriers (LNGCs) (plus five options) which will be built by the Korean shipbuilder Samsung Heavy Industries (SHI).

These three large LNGCs have been ordered by MBK, a Japanese ship-owner, and will be delivered in 2018. They will be equipped with the Mark III Flex membrane technology which allows an optimized boil off rate.

On this occasion, Philippe Berterottière, Chairman and CEO of GTT declared: “We are very happy to receive this order which confirms the great interest of Japanese ship-owners in our low boil off technologies”.

With 46 orders for vessels received so far since the beginning of the year – a stronger than initially expected order flow, GTT now anticipates 2014 revenue to be close to €227 million and has revised upwards its 2015 revenue outlook, which should reach a level comparable to that of 2014 (i.e. around €10 million more than the revenue outlook announced at the time of the IPO).

GTT will publish its full year 2014 results on February 12, 2015, with its revised short term and mid term outlook after the close of the market.

Contacts :
Lisa Finas, Head of Communication and Investor Relations +33 1 30 23 48 40
Cécile Arson, Chief Financial Officer +33 1 30 23 42 06

24-11-2014
GTT updates market on its new order intake for 2014
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Paris – November 24, 2014. GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext Paris: GTT), world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) provided the market with an update to its order book.

GTT has received orders for four new LNGCs and one FSRU so far in the fourth quarter. The LNGCs orders are from the same shipyard but for different customers.  They are expected to be delivered starting in 2017, as well as the new FSRU, which will be built by another shipyard.

At September 30, 2014, new orders for the first 9 months stood at 38.  The five new orders received so far in the fourth quarter 2014 bring the count of new orders received this year to 43 including:

  • 33 LNG Carriers (Liquefied Natural Gas Carriers)
  • 6 VLE Carriers (Very Large Ethane Carriers)
  • 3 FSRUs (Floating Storage and Regasification Unit)
  • 1 FLNG (Floating LNG)

GTT will publish its full year 2014 results on February 12, 2015, with its revised short term and mid term outlook after the close of the market.  This revised outlook will take into account the stronger than expected current order flow.

Contacts:
Lisa Finas, Head of Communication and Investor Relations +33 1 30 23 48 40
Cécile Arson, Chief Financial Officer +33 1 30 23 42 06

20-11-2014
GTT receives order from Hyundai Heavy Industries for a FSRU owned by Höegh LNG
HHI Hoegh LNG

Paris – November 20, 2014. GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext Paris: GTT), world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) announced the order of a new FSRU (Floating Storage and Regasification Unit) which will be built by the Korean shipbuilding Company Hyundai Heavy Industries (HHI).

The regasification unit is expected to be delivered in 2017 and will be built with the proven Mark III technology. The cargo tanks will be equipped with an optimized containment system configuration to allow all partial filling ability.

This FSRU will be the fifth one in the series at HHI and the seventh one in total owned by the Norwegian Company Höegh LNG, and equipped with GTT membrane.

The order, received in November, highlights the importance of the partnership between HHI and GTT and the Höegh LNG’s trust in membrane technologies.

Commenting on this latest notification, Philippe Berterottière, Chairman and CEO of GTT declared “We are pleased to further strengthen our relations with our Korean partner HHI and with Höegh LNG while noting that our technologies are once more recognized by the LNG industry.”

Press contact
+33 130 234 789 / press@gtt.fr
www.gtt.fr

17-11-2014
GTT approves Palumbo Malta Shipyard
P1010657

Paris – November 17, 2014. GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext Paris: GTT), world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) and Palumbo Malta have signed a TSA (Technical Service Agreement) on 10th November 2014.

 This shipyard (Palumbo Malta) is part of the Italian Palumbo Group, who owns 5 repair-yards in the Mediterranean basin. Palumbo Malta becomes the 17th repair Shipyard approved by GTT. The Maltese company has successfully demonstrated its ability to meet the highest standards of safety and quality required by GTT.

Following this agreement, Palumbo personnel will benefit from dedicated training conducted by GTT experts and advisory services for the preparation of each maintenance operation. This will allow the repair-yard to acquire all the skills necessary to offer its service for the maintenance of GTT membrane containment systems during dry-dock.

We are delighted to sign this Technical Service Agreement with Palumbo Malta.” declared Philippe Berterottière, GTT chairman and CEO. “The partnership with Palumbo will reinforce the drydock offer in the Mediterranean area, which is located in the crossroads of several commercial routes.”

Raffaele Palumbo, sales director of Palumbo Group satisfied of the success achieved by the performances of the shipyard in Malta declared: “The gas sector is certainly today one of the most active, promising and sought for in the energy domain, but in response to a growing demand in many regions, Europe remains currently in the balance between an economic crisis, and the hope that the demand for LNG may grow.

Despite this uncertain situation, Mr Palumbo feels Palumbo Malta Shipyard has made a giant step to growth in LNG Market being formally recognised as an approved shipyard by GTT for maintenance and repair works in Membrane type cargo tanks of LNG carrier.

Press contact
+33 130 232 041 / press@gtt.fr
www.gtt.fr

24-10-2014
GTT receives AIP for Mutigas vessels from CCS
GTT-CCS

Paris - October 24, 2014. GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext Paris: GTT), world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) announces have received an Approval In Principle (AIP) from CCS (China Classification Society), for its design of “multigas” vessels.

This new AIP confirms that GTT’s membrane systems are not limited to the transport of LNG, but stretches to other liquefied gases, such as ethane, ethylene, propane, butane and propylene. It demonstrates GTT’s technologies are emerging as a safe and efficient means of transporting multiple types of cryogenic gases in their liquid state.

GTT Chairman and CEO Philippe Berterottière, received the AIP certification in Beijing, from CCS Chairman and President Sun Licheng, on the occasion of CCS Seminar, held in Beijing, on October 23, 2014.

Philippe Berterottière declared: “We are delighted to receive this new approval reflecting the partnership between Chinese Classification Society and GTT, and showing the strong willingness for both parties to work together in building the future for liquid gas transportation“.


Press contact

+33 130 232 041 / evidal@gtt.fr
www.gtt.fr

23-10-2014
GTT participates to CCS Seminar in Beijing
CCS

Beijing– October 23, 2014. GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext Paris: GTT), world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) announces its participation to the CCS (Chinese Classification Society) LNG Technology Seminar, to be held in Beijing on October 23, 2014.

On this occasion, GTT Chairman and CEO Philippe Berterottière will give a lecture presenting the latest GTT developments for multi-gas transport technology including the application to ethane transport and small-scale shipping solutions.

Further to the design work performed by GTT to demonstrate the suitability of the membrane technologies to carry heavier density liquefied gas, GTT will also receive the CCS AIP (Approval in Principle) certification, for its design of multi-gas carrier vessels.

This event, organized by CCS, is an exceptional seminar, gathering many experts from maritime administration, oil & gas companies, ship-owners, design institutes and shipyards, highlighting the latest updates in the LNG world.

Philippe Berterottière commented: “This is a great honor to be invited by CCS, in order to present our last developments and to meet their experts since GTT is committed to address new segments thanks to the adaptation of its well proven technologies. In doing so GTT is briging very cost effective solutions to the market and is improving continually its membrane designs, with meeting the market requirements and specifications.

Press contact
+33 130 232 041 / evidal@gtt.fr
www.gtt.fr

 

17-10-2014
GTT receives order from HHI for two LNGCs for Hyproc
HHI Hyproc

Paris – October 17, 2014. GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext Paris: GTT), world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) confirms an order for two large LNGCs (Liquefied Natural Gas Carriers), which are in the third quarter 2014 order book. The two ships will be built by the Korean shipbuilder HHI (Hyundai Heavy Industries CO, LTD.).

The LNGCs are expected to be delivered between 2016 and 2017 and will be built with the innovative Mark III flex membrane technology, which allows an optimized daily boil-off rate of cargo LNG.

These vessels will be owned by the Algerian shipping company Hyproc, which has been operating GTT-designed LNG carriers since 1971 and reaffirms regularly its trust in GTT membrane systems.

Philippe Berterottière, Chairman and CEO of GTT commented: “HHI and Hyproc are two long-term partners. We are delighted to see that these companies have chosen, once again, membrane containment solutions for their new buildings”.

Press contact
+33 130 232 041 / evidal@gtt.fr
www.gtt.fr

 

14-10-2014
Revenues for first 9 months 2014 up 11% to €173.6 millions
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> Strong new order intake in the third quarter with 19 vessels
> First order of 6 VLEC (Very Large Ethane Carriers) for delivery beginning in 2016
> Revenues increased by 11% for the first 9 months
> Increase in free-float portion of capital (from 38.64% to 44.03%)
> Interim dividend of €1.50 per share paid during the third quarter 2014
> Confirmation of 2014 targets

Paris — October 14 2014 – GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext Paris: GTT) world
leader in Liquefied Natural Gas (LNG) containment and storage systems announces its first 9 months revenues
for 2014.

Press release: Revenues for first 9 months 2014 up 11% to €173.6 millions

Contacts:
Lisa Finas – Head of Corporate Communication and Investor Relations
Lynda Khoudi – Investor Relations
Phones: +33 1 30 23 47 89
information-financiere@gtt.fr

13-10-2014
New issue of GTT Inside: the GTT quaterly newsletter
GTT Inside

In this issue of GTT Inside, we focus on some of the latest AIP’s received from Class Societies for GTT technologies: REACH4TM (Refueling Equipment Arm CH4) bunker mast design received an AIP from BV; five Class approvals (ABS, BV, CCS, DNV and LR) were received for Multi-gas vessels using membrane technology conceived for the transport of multiple gases including ethane, ethylene, propane, butane, propylene and of course methane. Finally, an AIP for a small scale, 4.000m3 bunker vessel from BV. GTT also signed a licensing agreement with Gabadi (Spain) who becomes our first licensed outfitter, which recognizes their ability to produce GTT membrane modules destined for LNG “clean” fuel tanks.
We hope you find the information in GTT Inside valuable.

Philippe Berterottière, Chairman & C.E.O.

In this issue: 

  • NEWS / GTT charts the course for multi-gas vessels with membrane designs after receiving five AIPs
  • TECHNOLOGIES / SloShieldTM update
  • INNOVATION / GTT receives Approval In Principal (AIP) for REACH4TM LNG bunker mast from Bureau Veritas
  • LNG BUNKERING / New AIP from Bureau Veritas for GTT 4,000m3 bunker vessel design
  • LICENSES / GTT grants new outfitter license to Gabadi S.L.

GTT’s newsletter #2 – October 2014

 

09-10-2014
GTT receives order from DSME for two LNGCs
DSME

Paris – October 9th, 2014. GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext Paris: GTT), world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) received an order for two LNGCs (Liquefied Natural Gas Carriers) which add to the already strong third quarter 2014 order book, and which will be built by the Korean shipbuilder DSME (Daewoo Shipbuilding & Marine Engineering).

These vessels are expected to be delivered between 2017 and 2018.

They will be built with the innovative NO 96 GW membrane technology, which allows an optimized daily boil-off rate of cargo LNG, and helps to save fuel cost during journeys.

These vessels will be operated by BW Group, a Norwegian owner with a long history of operating GTT-designed LNG carriers.

Commenting on this latest order, Philippe Berterottière, Chairman and CEO of GTT declared, “We are very happy to receive this new order. It shows our long partnership with DSME, which is particularly involved in the promotion of NO 96 membrane systems; as well as BW, who already operates many ships equipped with GTT technologies.”

Press contact
+33 130 232 041 / evidal@gtt.fr
www.gtt.fr

07-10-2014
GTT’s 4000m3 bunker vessel approved by Bureau Veritas
GTT_4000 cubic meter LNG bunker vessel_BD

Paris – October 7th, 2014. GTT, world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas), announces an AIP (Approval In Principal) from Bureau Veritas (BV) for its bunker vessel, with an especially cost effective design.

This AIP follows other recent approvals from several major classification societies for GTT designs for a 2.200m3 bunker barge in the US market and of the REACH4TM, bunker mast.

This approval further positions GTT in the progressive adoption of LNG as a fuel for commercial vessels. GTT is capitalizing on its long experience in LNG containment by developing solutions along the whole supply chain dedicated to ship bunkering with LNG.

Equipped with Mark III Flex membrane tank design and also fitted with a storage capacity of 1.000m3 MDO (Marine Diesel Oil) as additional bunker fuel for delivery, the 4.000m3 LNG bunker vessel has an improved compact design offering the highest degree of safety in operation. It is particularly well-adapted to perform in congested areas such as narrow channels and ports.

This is a new step for us, recognizing the work done by our team of engineers and designers over a long period”, commented Philippe Berterottière, Chairman and CEO of GTT.

This new bunker ship will be able to refuel safely client vessels and will be equipped with the REACH4TM bunker mast to assure safe and efficient fuel transfer as well as appropriate BOG (Boil-off gas) management solutions.

Press contact
+33 130 232 041 / evidal@gtt.fr
www.gtt.fr

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