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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

10-02-2015
GTT receives order from DSME for six new LNGCs
DSME

Paris – 10 February 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 six LNGCs (Liquefied Natural Gas Carriers) which will be built by the South Korean shipbuilder DSME (Daewoo Shipbuilding & Marine Engineering).

These six LNGCs, for a European owner, are expected to be delivered between 2018 and 2019. They will be built with the innovative NO96-GW technology which allows an optimized boil-off rate of cargo LNG.

Philippe Berterottière, Chairman and CEO of GTT commented: “The choice made for these buildings illustrates the trust given to GTT membrane technology. With this new order, 2015 is off to a very good start”.

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

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

06-02-2015
LNG Membrane onshore tank technology included in newly published Canadian Standard CSA Z276, 2015 Edition
Réservoir terrestre à membrane GTT

Paris – 6 February, 2015. GTT world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas), is pleased to report that the new release of the Canadian Standard for LNG Production, Storage and Handling, now includes and recognizes the Membrane tank system as a possible technology for the land storage of LNG in Canada.

The membrane containment system technology has been integrated into the newly published Canadian Standard CSA Z276 2015 edition. This request initiated originally from the LNG community, in order to meet the challenges of LNG export projects in remote locations. Recent LNG export developments in British Columbia and other Canadian provinces sought solutions meeting the high standards of the LNG industry, but with advantages in schedule, cost and local work content.

The inclusion of the membrane containment tank language took more than two years, in order to follow the rigorous CSA process, including public review. The technology inclusion has been realized in collaboration with world LNG tank and LNG facility safety experts, from major EPC companies, as well as Oil&Gas majors. The language takes into account the latest international tank design standards, such as API 625, API 620 and ACI 376, as well as EN 14620.

The new edition of CSA Z276 follows the action of British Columbia Oil & Gas Commission (BCOGC), which officially included membrane tank technology in its recent LNG regulation issued 21st July 2014 (https://www.bcogc.ca/node/11271/download). With the new edition of the CSA Z276 standard, the membrane tank technology is now addressed not only in British Columbia but for other Canadian provinces.

The English version of CSA’s Z276 2015 standard is now published and available for sale at: http://shop.csa.ca/en/canada/petroleum-and-natural-gas-industry-systems/z276-15/invt/27014702015. A French version is expected to be released later in the year.

Philippe Berterottière, chairman and CEO of GTT said: “Full Canadian acceptance of the Membrane containment technology for onshore LNG tanks will definitely assist developers in evaluation of the full range of options for onshore LNG storage. The GTT Membrane Full Integrity technology for LNG land storage will provide cost and schedule advantages, as well as a smaller footprint and local labor optimization, all without compromising safety”. Philippe Berterottière added: “We are already working on the detailed design for the first Membrane LNG tank in Canada.”

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

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

 

 

03-02-2015
GTT receives order from DSME for one LNGC for Chandris
DSME

 Paris – 3 February 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 LNGC (Liquefied Natural Gas Carrier).  The ship will be built by the Korean shipbuilder DSME (Daewoo Shipbuilding & Marine Engineering).

The LNGC for the Greek shipowner Chandris is expected to be delivered in 2018 and 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 / + 33 130 234 226

30-01-2015
NEW ISSUE OF GTT INSIDE: THE GTT QUATERLY NEWSLETTER
GTT Inside

GTT is well known for our membrane containment systems for LNG carriers, which have and continue to be our core activity. In this issue of GTT Inside, you will discover how we reinforce our containment systems and also other important contributions GTT is making to other areas of the overall LNG containment system environment, including an innovative tank sump design for optimization of cargo use and Emergency Departure Procedures.
We are committed to continue improving our technologies in order to meet market expectations. We will also give you an insight into the advanced high-density foams which can be used in GTT systems for specific applications such as offshore units and the transport of other liquefied gases (ethane, butane, etc.).
As we enter 2015, I would like to take this opportunity to wish you all the best for the coming year and hope that GTT will continue to meet and surpass your expectations.

David Colson – Commercial Vice President

In this issue:
TECHNOLOGIES / Mark III High Density (HD) Foam
INNOVATION / Maximizing Operational Volumes
OPERATIONS / The GTT Emergency Departure Procedure

GTT’s Newsletter #3 – January 2015

28-01-2015
GTT receives order from DSME for five ice breaking LNGCs for Yamal Trade
Yamal_LNG

Paris – 28 January  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 five large Arctic Liquefied Natural Gas Carriers (LNGCs).  The five ships for Yamal Trade will be built by the Korean shipbuilder DSME (Daewoo Shipbuilding & Marine Engineering).

These five ARC 7 LNGCs are expected to be delivered between 2017 and 2019 and will be built with the innovative NO96-GW technology, which allows an optimized boil-off rate of LNG cargo.

GTT recorded ten similar orders for ice breaking LNGCs in 2014.

Philippe Berterottière, Chairman and CEO of GTT commented: The harsh Arctic conditions make transporting natural gas a huge challenge. GTT is very proud that membrane containment solutions were chosen for these new generation vessels”.

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

Investor Relations Contact:
Information-financiere@gtt.fr / + 33 130 234 226

 

28-01-2015
GTT present at Euromaritime in Paris
Sans titre

Paris – January 28, 2015. GTT, world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas), will exhibit at Euromaritime, the European Marine Business Show, from 3 to 5 February 2015 in Paris, Porte de Versailles. As a biennial event, Euromaritime gathers the experts from the entire marine industry during 3 days of meetings and workshops.

The second edition of the exhibition will allow GTT to present its latest technologies and associated services. Its new developments for Small Scale LNG carriers and LNG fuel Tanks demonstrate its commitment to the European shipping market.

GTT invites visitors to come and meet its team on its booth I 52, Hall 6.


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

27-01-2015
Hellman & Friedman successfully sells its remaining holding in GTT’s share capital
IMG-NEWS-FIN

Paris, January 27, 2015 – Gaztransport & Technigaz S.A. (ISIN FR0011726835 Euronext Paris: GTT) (“GTT”), the world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas), announces that H&F Luxembourg 1 S.à. r.l., an affiliate of Hellman & Friedman, has successfully completed the sale of its remaining holding in the share capital of GTT in a private placement to institutional investors.
Hellman & Friedman acquired its stake in GTT in 2008 and became a shareholder alongside Total S.A. and GDF Suez S.A. In February 2014, GTT completed its successful initial public offering (“IPO”), representing a market capitalization of EUR 1.7 billion.

Philippe Berterottière, CEO of GTT said: “We have been delighted by the participation of Hellman & Friedman in GTT and with their very professional involvement in the impressive evolution that GTT has experienced over recent years.”

Patrick Healy, Managing Director and Deputy CEO of Hellman & Friedman said:
“The sale of our remaining stake in GTT brings a conclusion to H&F’s partnership with GTT starting with our investment in 2008 and the highly successful IPO in February 2014. The excellence of the GTT business and financial profile generated a strong return for all investors without the use of financial leverage.

Our investment could not have succeeded without the superb contribution of Philippe Berterottière, his management team and GTT’s engineers and employees. We are extremely grateful to them and believe that GTT has a strong future under their stewardship.

We are also grateful to Total and GDF Suez for their invaluable partnership over the last 7 years. GTT is an excellent example of a successful, long-lasting corporate partnership that has delivered an outstanding outcome for all stakeholders”

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

Investor Relations Contact:
Information-financiere@gtt.fr / + 33 130 234 226

23-01-2015
GTT receives order from DSME for four LNGCs for Maran Gas
DSME

Paris – 23 January 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 four large LNGCs (Liquefied Natural Gas Carriers).  The four ships will be built by the Korean shipbuilder DSME (Daewoo Shipbuilding & Marine Engineering).

These four LNGCs for Maran Gas are expected to be delivered between 2017 and 2019 and will be built with the innovative NO96-GW technology, which allows an optimized boil-off rate of cargo LNG.

Philippe Berterottière, Chairman and CEO of GTT commented: “We are very pleased that these new buildings for Maran Gas integrate GTT membrane technology. This order also reinforces our good relationship with DSME, a long term partner”.


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

Investor Relations Contact:
Information-financiere@gtt.fr / + 33 130 234 226

20-01-2015
GTT signs license agreement with Conrad Shipyard for membrane containment systems for LNG barges and bunker tanks
conrad

Paris – 20th January 2015. GTT, world leader in the design of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas), announced that its US subsidiary, GTT North America, and Conrad Shipyard, a major US shipbuilder, have signed a Technical Assistance and License Agreement (TALA) for the design and construction of LNG barges and LNG-fueled vessel bunker tanks using GTT’s membrane containment systems.

Conrad Shipyard received its approval after successfully completing the qualification process including dedicated training of its employees by GTT and the fabrication of a membrane tank model. The partnership between GTT and Conrad Shipyard will enable both companies to leverage each other’s expertise and experience in LNG technology and demonstrates the continued commitment of both GTT North America and Conrad Shipyard to the development of the LNG fuel market in the US, including small and mid-scale LNG infrastructure to support development of this nascent market.

This agreement is a major landmark, not only for GTT and Conrad but also for LNG-as-a-fuel in America. It paves the way for implementing state-of-the-art containment solutions in American built vessels. With Conrad we are going to do great things!” declared Philippe Berterottière, Chairman and CEO of GTT.

GTT’s membrane system is first-in-class internationally,” declared Terry Frickey, COO of Conrad Shipyard. “We’re proud to bring to our domestic customers the outstanding choice and option this partnership provides. LNG in America is quickly becoming a more viable and realistic fuel thanks to the hard work and diligence of many organizations.”


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

Investor Relations Contact:
Information-financiere@gtt.fr / + 33 130 234 226

14-01-2015
GTT receives order from DSME for three LNGCs for Teekay
DSME

Paris – 14 January  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 three large LNGCs (Liquefied Natural Gas Carriers).  The three ships will be built by the Korean shipbuilder DSME (Daewoo Shipbuilding & Marine Engineering).

The LNGCs are 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.

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

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

Investor Relations Contact:
Information-financiere@gtt.fr / + 33 130 234 226

 

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