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News
28-05-2015
GTT appoints new members at its Board of Directors
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Paris – 28 May. The GTT (Gaztransport & Technigaz) shareholders’ annual general meeting chaired by Philippe Berterottière, Chairman and CEO of GTT, on 19 May 2015 appointed Michèle Azalbert and Christian Germa, independent director succeeding to Jean-Luc Gourgeon, as members of the Board of Directors for a four-year term. The AGM also approved the appointment of Olivier Jacquier as member of the Board of Directors. His mandate will expire at the end of the shareholders’ meeting held to approve the financial statements for the year ended 31 December 2015.

Further to his appointment, Christian Germa will be joining the Compensation and Nominations Committee. He will also be chairing the Audit and Risk Management Committee.

The Board of Directors of the Company has nine members, three of whom are independent in accordance with the recommendations of the AFEP-MEDEF Code.

Michèle Azalbert, 47 years old, is an IT engineer who trained at the IIE (Institut d’Informatique d’Entreprise) and is a graduate of HEC Paris. She held various positions in treasury, finance, and managing interest rate and exchange rate risk at Elf Aquitaine (from 1992 to 1996), Sanofi (from 1996 to 1999) and, from 1999, SUEZ. Starting in 2005 until 2008, she served as Treasurer for the SUEZ group. When the GDF and SUEZ groups merged, Michèle Azalbert was appointed as Chief Operating Officer of GASELYS, the joint subsidiary created by GDF and Société Générale and dedicated to commodities market trading. In 2011, she became General Manager of Support Functions. In 2013, Michèle Azalbert joined GDF SUEZ’s LNG Business Unit as Chief Operating Officer in charge of management of LNG contracts and trading, the position she currently holds.

Christian Germa, 45 years old, is an engineering graduate of the École Polytechnique (1992) and the École Nationale des Ponts et Chaussées (1995). He began his career at the French Ministry for the Economy and Finance, within the Treasury Department, where he worked for several years on the CIRI, the Interministerial Committee on Industrial Restructuring, where he served as Deputy Secretary-General. In 2000 he joined the FD5 investment company as head of investment. From 2002 to 2014, Christian Germa gained experience within the Vinci Group, where he successively held positions as director of construction projects, then director of public-private partnerships for Vinci Construction France. During this time, Christian Germa held several directorships as an independent director, from 2010 to 2012, on the Board of Directors of Vodafone SA and, since 2004, on the Supervisory Board of Faiveley Transport, where he is also Chairman of the Audit Committee.

Olivier Jacquier, 44 years old, is  a graduate of ESCP-Europe (École Supérieure de Commerce de Paris). He began his career at Paribas Corporate Banking as Deputy Representative of the Beijing Representative Office (China) and then as Associate in the Asia Division and Associate in the Americas Division. He joined the SUEZ group in 1999 and held various positions in the Finance Department where he was successively in charge of Financial Operations, Head of Finance, director of the Mergers and Acquisitions Group and director of the Mergers & Acquisitions and Investments Group. Olivier Jacquier managed GDF SUEZ Italia Division in Rome from 2008 to 2012 when he was appointed Deputy Chief Financial Officer and Member of the SUEZ ENVIRONNEMENT Group Executive Committee. Since December 2014, he has been Deputy Director and Chief Financial Officer of the GDF SUEZ Global Gas and LNG Branch.


Investor Relations Contact:
Information-financiere@gtt.fr / + 33 130 23 42 26

 Media Contact:
press@gtt.fr / +33 130 232 041

 

27-05-2015
GTT present at Nor-Shipping in Oslo
Sans titre

Paris – Mai 27, 2015. GTT, world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas), announces its participation in Nor-Shipping, from 2 to 5 June 2015 in Oslo. This exhibition is one of the leading event gathering professionals from the world maritime sector.

The new edition of the exhibition will allow GTT to present its latest technologies and associated services. Its most recent developments for Small Scale LNG carriers and LNG as a Fuel chain demonstrate its commitment to the global shipping market.
GTT’s delegation will be pleased to meet visitors on its booth D03-20, located in hall D.

GTT will also participate as a sponsor and speaker to the LNG Shipping Forum conference, organized by LNG Journal on the 4th of June.


Media Contact :
press@gtt.fr / +33 130 23 20 41

25-05-2015
A new milestone is achieved on Land Storage Tank’s building of Pagbilao
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The company EWC, in charge of the building of LNG hub terminal of Pagbilao in the Philippines, has completed the concreting of the LNG tank roof which will equip the future site.

This step is very important and marks the end of the erection of the external structure of the tank.

The next milestone will consist in the installation of the GST® Membrane Containment System designed by GTT, with at first, the moisture barrier application.

The GTT teams will provide technical assistance on site during the containment systems installation.

19-05-2015
GTT’s 2015 combined shareholders’ annual general meeting approves all the resolutions and resolves the payment of a dividend of € 2.66 per share
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Paris, May 19, 2015 – The combined shareholders’ general meeting of GTT (Gaztransport & Technigaz) met today at Domaine de Saint-Paul in Saint-Rémy-lès-Chevreuse, under the chairmanship of Philippe Berterottière, Chairman and CEO of GTT.
All resolutions voted upon the Annual General Meeting (AGM) were approved.

Shareholders approved the financial statements for the fiscal year 2014 and the payment of a dividend of 2.66 euros per share, it being specified an interim dividend amounting to 1.50 euro was paid on September 29, 2014.

The AGM appointed Michèle Azalbert and Christian Germa, independent director succeeding to Jean-Luc Gourgeon, as members of the Board of Directors for a four-year term. The AGM also renewed the appointment of Jacques Blanchard as director for a four-year term and approved the appointment of Olivier Jacquier as member of the Board of Directors, whose mandate will expire at the end of the 2016 AGM.

Financial calendar
– May 26, 2015 : Ex-dividend date
– May 28, 2015 : Payment of the balance of the dividend (1.16 euro per share) for the financial year ended December 31, 2014
– July 21, 2015 : Release of H1 2015 results (after market close)

Investor Relations Contact:
Information-financiere@gtt.fr / + 33 130 23 42 26

 Media Contact:
press@gtt.fr / +33 130 232 041

 

 

13-05-2015
GTT signs a cooperation agreement with Hyundai Heavy Industries aiming at the industrialization of its Mark V technology
hhi

Paris – May 13, 2015. GTT, the world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) announces the signature of a cooperation agreement with the South Korean Shipbuilder, Hyundai Heavy Industries, for the industrialization of its new Mark V technology.

This agreement includes the development and qualification of an innovative welding robot for the primary stainless steel and secondary invar membranes. The robot will permit the optimization of the welding process and a reduction in construction time.

After some years of research and development, the Mark V technology is an optimized version of the Mark III system and its sister Mark III Flex. As with the Mark III and Mark III Flex, the Mark V technology is composed of a double insulation with reinforced polyurethane foam. The new system also includes an innovative nickel-steel alloy corrugated secondary membrane and offers significant improvement of the warranted daily boil off rate. The Mark V technology has received AIPs (Approval in Principal) from major classification societies.

A similar partnership was signed a few weeks ago with Samsung Heavy Industries.

Philippe Berterottière, Chairman and CEO of GTT, declared: “We are very pleased to see HHI embarked onto this major development programme. It allows us to be quite confident in the possibility for Mark V to be commercialized from 2015”.

Investor Relations Contact:
Information-financiere@gtt.fr / + 33 130 23 42 26

 Media Contact:
press@gtt.fr / +33 130 232 041

30-04-2015
NEW ISSUE OF GTT INSIDE: THE GTT QUATERLY NEWSLETTER
GTT Inside

GTT’s contribution to the design of LNG Carriers, FSRUs and FPSOs in the form of the detailed design of the cargo tanks is well known. In this issue of GTT Inside, we will highlight the contribution GTT also makes to the Cargo Handling System (CHS) design, from the structural elements (Pump Tower, piping etc.) to the dimensioning of auxiliary equipment used in the handling of cargo and tank monitoring and also, more recently, transfer systems for bunkering applications.

On that last note, we will find further details concerning the bunker barge project in the United States, and an innovative small scale storage tank design for local distribution of LNG.

You will also find some further clarification on the use of the Thermal Assessment of Membrane Integrity (TAMI) test as well as an extension of the scenarii included in the GTT Hotline service (HEARS). Please read on with interest.

Karim Chapot, Technical Vice-President

In this issue:

NEWS / GTT continues the development of the 2.200 m3 Bunker Barge in the United States
SERVICES / Thermal Assessment of Membrane Integrity (TAMI) test becomes Industry Standard
TECHNOLOGIES / Cargo Handling System (CHS): safe and efficient solutions to operate LNG
LAND STORAGE / Towards smaller onshore tanks applications
OPERATIONS / New HEARS scenario for emergency departure

GTT’s Newsletter #4 – April 2015

28-04-2015
Notice regarding availability of explanatory documentation related to the Shareholders’ Ordinary and Extraordinary General Meeting to be held on May 19, 2015
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Paris, April 28, 2015 – GTT (Gaztransport & Technigaz), the world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas), hereby informs its shareholders that the Shareholders’ Ordinary and Extraordinary General Meeting has been convened on Tuesday, May 19, 2015 at 3:00 pm, at Domaine de Saint-Paul, Bâtiment A3, 102 route de Limours, 78470 Saint-Rémy-lès-Chevreuse, France.
A preliminary notice of meeting was published in the Bulletin des Annonces Légales Obligatoires on April 8, 2015, number 42, notice 1500976, and contains the agenda and the draft resolutions to be submitted to the General Meeting, together with the main formalities for attending and voting. This notice may also be consulted on the company’s website (www.gtt.fr). The convening notice will be published on May 4, 2015 in the Bulletin des Annonces Légales Obligatoires.

Press release – Notice regarding availability of explanatory documentation related to the Shareholders’ Ordinary and Extraordinary General Meeting to be held on May 19, 2015

Investor Relations Contact:
Information-financiere@gtt.fr / + 33 130 23 42 26

 Media Contact:
press@gtt.fr / +33 130 232 041

28-04-2015
Notice of availability of the 2014 Registration document
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Paris, April 28, 2015 – The 2014 Registration document of GTT (Gaztransport & Technigaz), the world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas), was registered with the French stock market authorities (AMF) on April 27, 2015 under number R.15-022. This document is available in French-language for download on the “Investors” page of the company’s website at www.gtt.fr. Hard copies of the French-language Registration document are also available at the company’s registered office, 1 route de Versailles – 78470 Saint-Rémy-lès-Chevreuse, France. An English-language version of the 2014 Registration Document will soon be available on the company’s website.

Press release – Notice of availability of the 2014 Registration document

Investor Relations Contact:
Information-financiere@gtt.fr / + 33 130 23 42 26

 Media Contact:
press@gtt.fr / +33 130 232 041

14-04-2015
First quarter 2015 revenues at €54.7 million
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> A record level of order intake during the first quarter 2015

> Order for the first ever LNG bunker barge for the North American market

> Strong growth in revenues provided by services

> Cooperation agreement for the industrialization of Mark V

> Confirmation of 2015 and 2016 targets


Paris, April 14, 2015
– GTT (Gaztransport & Technigaz), the world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas), today announced its revenues for the first quarter 2015.

Philippe Berterottière, Chairman and CEO, commented: “With a record level of orders, the first three months of 2015 are in line with the successful year 2014, the slight decrease in sales resulting from a comparatively high first quarter 2014 and from the pace of vessels’ construction. In particular, the new order intake of five additional ice-breakers and of the first LNG bunker barge for the American market, fully designed by GTT, represents a successful achievement. This first quarter illustrates the company’s strength on its historical LNGC market, as well as its innovation and development capacity on adjacent markets. The future industrialization of our new Mark V technology illustrates this dynamic.”

Full press release : First quarter 2015 revenues at €54.7 million

 

Investor Relations Contact:
Information-financiere@gtt.fr / + 33 130 23 42 26

 Media Contact:
press@gtt.fr / +33 130 232 041

 

10-04-2015
GTT signs a cooperation agreement aiming at the industrialization of its Mark V technology
markV

Paris – 10 April 2015. GTT, the world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) announces the signature of a cooperation agreement with the South Korean shipbuilder Samsung Heavy Industries in order to industrialize its new Mark V technology. This agreement includes the building by the shipbuilder of a mock up dedicated to final developments and related tests. Another cooperation agreement is being finalized with Hyundai Heavy Industries. These two partnerships will allow the commercialization of the Mark V technology during 2015.

After some few years of research and development, the Mark V technology is an optimized version of the Mark III system and its sister Mark III Flex. As of December 31 2014, 146 Liquefied Natural Gas Carriers (LNGCs) were equipped with these two systems. The Mark V technology received Approvals in Principle (AIPs) from major classification societies.

As with the Mark III and Mark III Flex, the Mark V technology is composed of a double insulation with reinforced polyurethane foam. The new system also includes an innovative iron-nickel alloy corrugated secondary membrane and offers significant improvement of the warranted daily boil off rate.

Philippe Berterottière declared: “These agreements illustrate the quality of the partnership we have with the shipyards and high trust they give to our technologies. Mark V is the outcome of GTT’s continuous innovation dynamics dedicated to the LNG industry. We are very pleased to have reached this important step for its introduction to the market”.

Media Contact:
press@gtt.fr / +33 130 232 041

Investor Relations Contact:
Information-financiere@gtt.fr / + 33 130 23 42 26

24-03-2015
GTT receives a new order from DSME for one LNGC for Teekay
DSME

Paris – 24 March 2015. GTT, world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) announces an order for one Liquefied Natural Gas Carrier (LNGC). The ship will be built by the South Korean shipbuilder DSME (Daewoo Shipbuilding & Marine Engineering).

The LNGC for Teekay is expected to be delivered throughout 2018 and will be built with the innovative NO 96 GW technology, which allows an optimized boil-off rate of cargo LNG.

 

Media Contact:
press@gtt.fr / +33 130 232 041

Investor Relations Contact:
Information-financiere@gtt.fr / + 33 130 23 42 26

11-03-2015
GTT receives a new order for one LNGC for MOL
DSME

Paris – 11 March 2015. GTT, the world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas), announces a new order for one Liquefied Natural Gas Carrier (LNGC). This new ship will be built by the South Korean shipbuilder DSME (Daewoo Shipbuilding & Marine Engineering).

The LNGC, for Mitsui OSK Lines (MOL), is expected to be delivered in 2018.

The ship will be built with the innovative NO96-GW technology which allows an optimized boil-off rate of cargo LNG.

Media Contact:
press@gtt.fr / +33 130 232 041

Investor Relations Contact:
Information-financiere@gtt.fr / + 33 130 23 42 26

25-02-2015
GTT North America receives order from Conrad Industries for one LNG barge for WesPac Midstream
bARGE us

Paris – 25th February 2015. GTT, the world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas), announces that its US subsidiary, GTT North America, has received an order for one LNG bunker barge. This first dedicated LNG barge for the marine market in North America will be built by Conrad Orange Shipyard, Inc., a division of Conrad Shipyard, LLC. at its facility in Orange, Texas. The barge, for WesPac Midstream LLC (WesPac), a leading provider of energy infrastructure and LNG solutions, and its affiliate Clean Marine Energy LLC (CME), the global facilitator of tailored solutions for Emission Control Area (ECA) compliance, is expected to be delivered in the first half of 2016 and will be built with the innovative Mark III Flex cargo containment technology, which allows an optimized boil-off rate of cargo LNG and efficiently utilizes available cargo hold space.  The barge is also intended to feature the innovative bunker mast design, REACH4 (Refueling Equipment Arm, Methane [CH4]) developed by GTT, to ensure a simple and safe transfer of LNG fuel to the client vessel.  The barge will initially serve Totem Ocean Trailer Express’s (Totem Ocean) operations in Tacoma, Washington as well as TOTE’s SeaStar operations in Jacksonville.

This important industry first is the result of fruitful collaboration between GTT North America, classification societies, all pertinent sectors of the U.S. Coast Guard, and industry stakeholders that commenced as early as mid-2013 and resulted in a comprehensive LNG bunker barge solution from GTT. Earlier this year, Conrad Shipyard signed a Technical Assistance and License Agreement (TALA) with GTT North America for the design and construction of LNG barges and LNG-fueled vessel bunker tanks using GTT’s membrane containment systems.

Allyn Risley, Chairman of GTT North America (GTTNA) declared: “GTTNA is very pleased to be involved in this collaboration and the first LNG bunker barge in North America, particularly as part of the formation of the local LNG supply chain. This first order in the US since the 1970’s is a major milestone for GTTNA, demonstrating that GTT’s proven leading-edge technology is perfectly suited and efficient for small applications”.

In addition, Mr. Johnny Conrad, Chairman and CEO of Conrad Shipyard, LLC expressed his gratitude for all those who have made this first of a kind possible. “Conrad is pleased to be part of a team that has brought this project to fruition.  Conrad would like to express its “Thanks” to Wespac Midstream for choosing Conrad and GTT as its partner in this venture.”

About GTT

GTT (Gaztransport & Technigaz) is the world leader in cryogenic membrane containment systems used for the transport and the storage of LNG (Liquefied Natural Gas). 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.

GTT is listed on Euronext Paris, Compartment A (ISIN FR0011726835 Euronext Paris: GTT) and is included in SBF 120 and MSCI Small Cap indices.

About Conrad Shipyard

Conrad Shipyard, LLC specializes in the construction, conversion and repair of a wide variety of marine vessels for commercial and governmental customers and the fabrication of modular components of offshore drilling rigs and floating, production, storage and offloading vessels. Conrad’s Orange, Texas shipyard has been licensed by GTT to build their membrane tanks in the US. The yard is located on the Sabine River approximately 37 miles from the Gulf of Mexico on approximately 12 acres. The shipyard has six construction bays under approximately 110,000 square feet of enclosed building area with 14 overhead cranes. Please visit Conrad’s website at http://www.conradindustries.com/.

 Media Contact:
press@gtt.fr / +33 130 232 041

Investor Relations Contact:
Information-financiere@gtt.fr / + 33 130 23 42 26

12-02-2015
GTT announces full-year 2014 results
Logoannoncefi

Revenues and net margin in line with targets

Confirmation of 2015 targets and increase in 2016 revenue target

 2014 key figures

> A record 47 new orders during the year
> Revenues of €227 million, up 4.2% from 2013
> Net margin of 50.9%
> Proposed dividend of €2.66 per share [1]

 


2014 highlights

> Market launch of upgrades to GTT systems and new services
> Creation of a new subsidiary, GTT Training Ltd.
> Changes in shareholding structure

Paris, February 12, 2015 – GTT (Gaztransport & Technigaz), world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas), today announced its results for the full-year 2014.

Full press release : GTT announces full-year 2014 results

[1]Subject to shareholder approval at the Annual General Meeting on May 19, 2015.

12-02-2015
A new logo for GTT
vignette-logos

Paris – 12 February 2015. GTT (Gaztransport & Technigaz), the world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas), is revamping its visual identity. The new, more streamlined logo has been modernized in order to better reflect the company’s values and its spirit of innovation. The Earth disappears to be replaced by a bold affirmation of the GTT corporate brand. The ellipse has been brought to the forefront and redesigned to give the logo more dynamism. This ellipse then flows into two droplets which symbolize the origins of company, born of the merger between Gaztransport and Technigaz, and its two main associated technologies.

Media Contact:
press@gtt.fr / +33 130 232 041

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