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News
24-07-2014
GTT receives order from DSME for nine additional ice-breaking LNGCs
DSME

Paris – July 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) announced the order of nine LNGCs (Liquefied Natural Gas Carriers) which will be built by the Korean shipbuilder DSME (Daewoo Shipbuilding & Marine Engineering).

Six new ships will be owned jointly by TEEKAY & CLNG and the three others will be owned jointly by MOL & CSLNG.

These large vessels are expected to be delivered between 2017 and 2019. They will be built with the NO 96 membrane technology, with more than 20 years of successful experience at sea, which is well suited for these ice-breaking LNGCs and allows for an optimized daily boil-off rate of cargo LNG.

These nine Liquefied Natural Gas Carriers follow one identical Sovcomflot order of an LNGC, dated March 2014, also being built with NO 96 Technology.

These are the world’s first ice-breaking LNGCs ever ordered. They will create the link between the liquefaction production plant at Yamal, located in the North West part of Russia, and numerous customers in North East Asia, travelling via the Arctic Ocean.

Commenting on this latest order, Philippe Berterottière, Chairman and CEO of GTT declared, “We are very proud of having succeeded in convincing the various partners in this project that the GTT technology is perfectly adapted to this type of difficult environment.”

GTT has not identified any technical or political elements that could affect these orders.


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

 

24-07-2014
GTT reports excellent first half 2014: Net income up 18% 2014 targets confirmed
IMG-NEWS-FIN-325x250

Strong first half revenue growth reflects robust order intake during previous years

> 19 new orders in first half, revenue visibility extended from 2017 to 2019
> Net income margin of 51% in-line with expected full year performance
> Confirmation of 2014 targets
> Interim dividend payment

Paris – July 24, 2014 – GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext Paris : GTT) world leader in Liquefied Natural Gas (LNG) containment and storage systems announces its first half financial results for 2014 today after market close.

Press Release - GTT reports excellent first half 2014: Net income up 18% 2014 targets confirmed


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

16-07-2014
GTT receives notification from HUDONG-ZHONGHUA for four LNGCs ordered by TEEKAY, CNOOC, CHINA LNG SHIPPING and BW
HZ

Paris – July 16, 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 notification, in June, of four LNGCs (Liquefied Natural Gas Carriers) which will be built by the Chinese shipbuilding Company HUDONG-ZHONGHUA SHIPBUILDING (GROUP) CORPORATION, (HZ).

The new ships will be jointly owned by TEEKAY LNG PARTNERS LP, the third largest independent owner of LNG carriers, CHINA NATIONAL OFFSHORE OIL CORPORATION, CHINA LNG SHIPPING and BW.

The first vessel is expected to be delivered in 2017 and the three others within the two following years. They will be built with the proven NO 96 technology which benefits from more than 40 years of successful experience at sea.

These four new orders highlight the importance of the partnership between HZ and GTT and bring the total number of LNGCs ordered by HZ to 20, six of which are in currently in service.

Commenting on this latest order, Philippe Berterottière, Chairman and CEO of GTT declared “We are pleased to further strengthen our relations with our Chinese partners while noting that our technologies are once more recognized by the LNG shipping operators.”


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

24-06-2014
GTT now part of the SBF 120 index
LOGO-GTT

Paris, June 24, 2014 – GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext Paris : GTT), listed on the compartment A of Euronext Paris since February 27, 2014, is very pleased to announce effective from Monday 23 June 2014 the completion of its integration into the SBF 120 index, following the June 5, 2014, decision by the Expert Indices Committee of Euronext.

GTT is now integrated into the following indices:

  • > SBF 120 index
  • > CAC Mid 60
  • > CAC Mid & Small
  • > CAC All-Tradable

Next events:

  • H1 2014 Financial results, July 24, 2014 (After market close)
  • Payment of an interim dividend for the financial year 2014 on September 29, 2014
  • Q3 2014 Revenues, October 14, 2014 (After market close)

Press release : GTT now part of the SBF 120 index

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

10-07-2014
GTT receives notification from Hyundai for two LNGCs ordered by GasLog
HHI-Gaslog-325x250

Paris – July 10, 2014. GTT (Gaztransport & Technigaz ISIN FR0011726835 Euronext Paris: GTT) announced the notification of two LNGCs (Liquefied Natural Gas Carriers) which will be built by the Korean shipbuilder Hyundai Heavy Industries (HHI).

GasLog, a Monaco-based shipping company, has ordered two large-scale LNGCs from the shipbuilder specifying the use of GTT technology. GTT, world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) received notification from HHI for these new orders in June 2014.

These two large vessels are expected to be delivered in 2017 and will be built with the Mark III Flex membrane technology which allows for an optimized daily boil-off rate of cargo LNG.

Philippe Berterottière, Chairman and CEO of GTT declared “We are delighted that our long-time partners have selected to use the GTT technology for their newest LNGCs”.

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

09-07-2014
Discover GTT Inside : the GTT quaterly newsletter
GTT-inside1

Quite often at GTT, we notice that people in the LNG industry are not fully abreast of all our activities. More importantly, they do not receive technical information from us in a timely manner. Obviously, it is our responsibility to pass on information that could be of interest to you!

The purpose of this newsletter is to improve on this by giving the LNG industry a regular link to GTT. Our aim is to communicate every quarter useful technical information and new technological developments as well as to inform you about our growing services offer.

We hope that you will find it useful and timely. In the not too distant future we will be asking you what you think so it can be improved to meet your needs.

Meanwhile, at GTT, we are very excited about having a new way of being in contact with you.

Let’s talk on a regular basis!

 Philippe Berterottière, Chairman & C.E.O.


In this issue:

TECHNOLOGIES: GTT Experts exchange with LNG industry players at 2014 ISOPE Conference in Korea

> NEWS: Real-time monitoring of sloshing for LNGCs using SloShield™

> MEETINGS: Posidonia 2014 – GTT brings focus on LNG as a fuel

> SERVICES: GTT Training is up and running!


GTT’s newsletter #1 – July 2014

09-07-2014
GTT launches its training centre by welcoming delegates for the first course
training center

Paris – 9 July, 2014, GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext Paris: GTT). The new GTT training center awarded certificates to the first group of delegates to complete a LNG Cargo Operations (SIGTTO management Level) training course. The delegates who participated received training in the cargo operations typically conducted onboard LNG carries in a course which is approved by DNV GL as complying with the SIGTTO (Society of International Gas Tanker and Terminal Operators), suggested competence standard. The new training center is located in the grounds of GTT’s headquarters in Saint Rémy Lès Chevreuse near Paris.

The site was officially opened on Monday 23rd June with a ribbon cutting ceremony which included the course delegates and GTT staff members.

During the five-day course, delegates were exposed to a full dry-dock to dry-dock voyage cycle of cargo operations using a LNG Handling Simulator developed by GTT.  The simulator exercises were combined with lectures, discussions and guided self-study in the evenings together with daily assessments.

Feedback from some of the initial participants on completion of the course was positive.  Captain Costas Krokos (Maran Gas) said that the simulator is, “close to reality” and Mcvin Celibio, Superintendant at K-Line LNG Shipping (UK) underscored “the course effectiveness” and “appreciated the completeness of the GTT course offering all at a single location”.

Philippe Berterottière, Chairman and CEO of GTT, declared: “This is a big event for GTT and we are proud to be able to offer training in-line with our vision of how this dynamic sector is developing.  The first corporate value at GTT is safety which goes hand in hand with training, and this new center follows our culture as we seek to provide excellence.” 

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

02-07-2014
GTT introduces SloShield™ real-time monitoring of liquid motion in tanks to improve LNGC efficiency
cryo-GTT

Paris – July 2, 2014.  GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext Paris : GTT) and its partner Cryovision announce the launch of an innovative monitoring system to help reduce the effects of liquid motion in LNGCs (Liquefied Natural Gas Carriers) , including extra boil-off of LNG cargo, due to “sloshing” inside the vessel’s tanks.

The new tool, SloShield™, uses an advanced algorithm that allows LNG carrier crews to constantly  monitor the vibrations in each tank’s structure due to specific sloshing activity by consulting easy-to-read screens in real-time, thus allowing them to make critical decisions based objective indicators to optimize the ship’s operation.

This first generation SloShield™ is the result of more than three years of prototyping onboard an LNGC in real operational conditions, which qualifies it as a sea-proven, safe and reliable system.  It was developed from a joint effort between GTT engineers, drawing on significant amounts of actual historical data on liquid motion in navigational situations, and the Cryovision team which has packaged the offer and will install the tool.

SloShield™ will be distributed by Cryovision on a turn-key basis that includes: studies, class validation, procurement, erection and commissioning.  In addition, GTT experts are available to review the sloshing data, together with the operational environmental parameters to capitalize on each vessel’s specific experience. The SloShield™ package combines the best of GTT’s unrivalled expertise in measuring and analyzing sloshing activity at sea and Cryovision’s field experience and reactivity. “Flexibility and reliability are key words for us”, said Julien Glory, Cryovision COO, adding, “A SloShield™ installation can even be done while LNGCs are at sea to accomodate customer constraints and schedules.”

GTT CEO, Philippe Berterottière declared, “We are excited to add this new offer to our expanding services portfolio.  At GTT, we constantly seek new ways to provide value-added innovations that increase LNG carrier efficiency to ensure they stay at top performance levels.”

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

26-06-2014
GTT receives notification from Samsung Heavy Industries for two LNGCs ordered by GasLog
SHI

Paris – June 26, 2014. GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext  Paris : GTT) announced the notification of two LNGCs (Liquefied Natural Gas Carriers) which will be built by the Korean shipbuilder Samsung Heavy Industries (SHI).

GasLog, a Monaco-based shipping company, has ordered two large-scale LNGCs from SHI specifying the use of GTT technology. GTT, world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) has received notification from SHI for these new orders.

These large vessels are expected to be delivered in 2017 and will be built with the Mark III Flex membrane technology which allows for an optimized daily boil-off rate of cargo LNG.

These two new orders follow four identical GasLog LNGCs also being built with Mark III Flex Technology, and notified to GTT in 2013.

Philippe Berterottière, Chairman and CEO of GTT declared “These new orders for LNGCs mark a further step in reinforcing our relationships with two long term partners:  Samsung Heavy Industries and GasLog.”


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

 

23-06-2014
GTT North America’s Membrane LNG Bunker Barge receives Approval from DNV GL
DNVGL

June 17th, 2014 - Houston-based GTT North America (GTT NA), US subsidiary of French engineering and technology company GTT (Gaztransport & Technigaz SA), has received an Approval in Principle from DNV GL for the design of a 2,200 cubic meter liquefied natural gas (LNG) bunker barge.

The distinctive design incorporates GTT’s proven membrane Cargo Containment System (CCS), which is utilized in roughly 70% of the global LNG carrier fleet and nearly 90% of LNG carrier projects on order.

“This Approval in Principle from DNV GL, the world’s largest class society and well known developer of technology enabling LNG as fuel for short sea shipping, is a major step forward in demonstrating the suitability of the GTT membrane systems for LNG storage and transportation within North American waters. The robust and highly competitive GTT solutions for the North American market complement the on-going price quotation with local shipyards” said Aziz Bamik, GTT NA General Manager.

“The GTT membrane system provides more choice than just the Type C tank containment systems. It allows for better volumetric efficiency, which is a concern for ship types where sacrificing revenue-earning space for bunker is often a show-stopper,” comments Tony Teo, DNV GL’s Houston-based technology and business director.

The CCS selected for the barge is GTT’s proprietary Mark III Flex system, an enhancement of the Mark III system that allows for improved thermal and structural performance of the CCS.  The Mark III membrane CCS consists of a cryogenic liner directly supported by the vessel’s inner hull, which allows for maximum volumetric utilization of the available cargo space.  This liner is composed of a primary metallic membrane fastened atop a prefabricated insulation panel that includes a complete secondary membrane.

Press release : GTT North America’s Membrane LNG Bunker Barge receives Approval from DNV GL  

Press contacts:
Allyn Risley, +1 713 400 4502 – arisley.ext@gtt.fr
Tony Teo +1 281 396 1507 – Tony.Teo@dnvgl.com

18-06-2014
GTT and Imabari contract signals innovation in Japanese shipbuilding for LNG transport
imabari

June 18, 2014 – Paris – GTT (Gaztransport & Technigaz) (ISIN FR0011726835 Euronext Paris: GTT) announces the notification of two LNGCs (Liquefied Natural Gas Carrier) to be built by Japanese shipbuilder Imabari. These large vessels will be equipped with the innovative Mark III Flex containment system pioneered by GTT and also includes a new MEGI propulsion system.

GTT, world leader in the design of membrane containment systems for the maritime transportation and storage of LNG, and Imabari, world-class shipbuilder based in Japan, announce the signing of an agreement for the design and construction of two LNG carriers using GTT’s containment system for delivery in 2017.

These vessels will be operated by Elcano, a Spanish ship owner with a long history of operating GTT-designed LNG carriers.

Philippe Berterottière, Chairman and CEO of GTT declared, “We are very pleased to see Imabari resume building GTT-designed LNG carriers. We have always been impressed by Imabari’s commitment to quality and by their high level of engineering expertise.”

With more than 70% of the world’s LNG carrier fleet equipped with membrane technologies, GTT is the world leader in technologies used in LNG carriers and offshore applications.

 

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

13-06-2014
GTT inks technical service agreement with Oman Drydock Company
ODC

GTT, world leader in the design of membrane containment systems for the maritime transportation and storage of Liquefied Natural Gas (LNG), and Oman Drydock Company (ODC), one of the most advanced dry-dock yards, have signed a Technical Service Agreement (TSA).

The GTT technical service agreement ensures that ships equipped with its sophisticated membrane technology may continue to operate at optimum efficiency. On-going operational performance and a close follow up of the storage unit are central to any LNG installation and this follow-up continues throughout the vessel’s life cycle, from the design and construction phase up to operations and maintenance phase.

GTT will provide ODC with a wide range of resources based on its extensive and specialized expertise in the field of LNG transport.

With a world fleet of more than 250 LNG carriers in service, and more than 70% equipped with GTT membrane containment systems, we are involved in partnering and approving dry-dock shipyards who guarantee a high quality of service during dry-docks.” said Philippe Berterottière, chairman and CEO of GTT.

Under the TSA agreement, ODC will acquire the necessary competencies and skills for offering its services for the maintainance of the GTT membrane containment systems. Prior to the signature of a TSA, GTT performed an audit in order to ensure that the yard could meet the necessary requirements for the highest standard of safety and quality control for a good dry-docking operation. The shipyard will also benefit from a dedicated training of its personnel and advisory services for the preparation of each maintenance operation.

Mr. Berterottière added, “Oman has an important LNG fleet and its geographical position thrusts it to the forefront of the international LNG market, and is close to shipping routes for the Gulf and Asia. We are delighted to include ODC in our list of approved repair yards and to develop a new partnership”.

This agreement adds ODC to the list of 16th dry-dock shipyards approved by GTT that can be downloaded 

 

Press contact
+33 130 234 731 / press@gtt.fr
 www.gtt.fr

09-06-2014
GTT joins the SBF 120 index
Euronext

Paris, June 9, 2014 – The company GTT, listed on the compartment A of Euronext Paris since February 27, 2014, is very pleased to announce its integration into the SBF 120 index. On June 5, 2014, the Expert Indices Committee of Euronext decided the integration of GTT into the following indices effective June 23, 2014:

  • > SBF 120 index
  • > CAC Mid 60
  • > CAC Mid & Small
  • > CAC All-Tradable

 

Next events:

  • H1 2014 Financial results, July 24, 2014 (After market close)
  • Payment of an interim dividend for the financial year 2014 on September 29, 2014
  • Q3 2014 Revenues, October 14, 2014 (After market close)


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

 

Press release: GTT joins the SBF 120 index

 

28-05-2014
GTT present at Posidonia 2014
posidonia-346704

A new edition of the biennial Posidonia exhibition will take place from 2nd to 6th June 2014, at the Metropolitan Expo Center in Athens, Greece. Posidonia is the global event for the international shipping community, making it a particular place attended by many Greek ship-owners. This event is a unique opportunity to meet energy professionals from all around the globe.

GTT will be attending for the first time and will welcome its visitors on its booth located on Hall 3. GTT will present its technologies and services, with a highlight on its new technological developments about Small Scale LNG carriers, LNG fuel Tanks and its new training and maintenance services.

Please visit us at our booth 3.519, Hall 3.

Press contact
+33 7 87 51 95 90/ ccolleu@gtt.fr

29-04-2014
Success of the First Seminar on GST® Membrane Full Integrity Systems
1rst-GST-Seminar_April-2014

GTT organized its first Seminar on GST® Membrane Full Integrity Systems in its Head Office in Saint-Remy-les-Chevreuse (France).

During three days, from 14th to 16th April 2014, more than 40 delegates from EPCs, Oil & Gas majors, classification societies and engineering companies have attended presentations and site visits, to receive and update on the Membrane Full Integrity technology dedicated to onshore storage.

In the first two days, the presentations gave an insight of the latest Design, Procurement and Construction features of the systems, as well as an interesting panel discussion with well known tank experts. One topic which was debated was whether or not a Membrane Full Integrity really requires a hydrostatic test during construction. Distinguished speakers offered their feedback on the subject: INEOS provided feedback of operation of the first Membrane Full Integrity tank in service since 1972. Energy World Corporation also offered feedback on Membrane Full Integrity tanks under construction in South East Asia.

To close the seminar, a visit of the French LNG terminal of Montoir de Bretagne in Britany was organized thanks to ELENGY. A complete tour of the terminal including the surroundings of the LNG Full Integrity tanks (Membrane & Self supported) followed. ELENGY also proved interesting feedback of the operation of the two Membrane Full Integrity tanks.

“This seminar was a great success. The number of attendees as well as the question raised clearly showed that the industry needed such an event”, commented David Colson, Commercial Vice President of GTT. “We have already decided to organize new GST® Forum next year”, he added.

Press Contact :
Estelle Vidal
evidal@gtt.fr – +33 130 232 041

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