GTT Receives an Order from Samsung Heavy Industries

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By MarEx 2017-02-07 14:47:09

GTT has received an order from Samsung Heavy Industries (SHI) to equip a floating storage and regasification unit (FSRU) with its Mark III cryogenic membrane containment system. This new order includes three optional FSRUs. The vessels will be built at SHI's shipyards in South Korea, on behalf of Höegh LNG Holdings Ltd. Each FSRU will have a storage capacity of 170,000 m3 and a regasification capacity of 750 MMscf/day. Delivery of the first vessel is scheduled for May 2019.

"We are very satisfied that our systems have become the standard in this offshore gas industry segment. GTT benefits from a renowned expertise in this market and the company is quite confident in its capability to meet new challenges", declared Philippe Berterottière, Chairman and CEO of GTT.

The competitive advantages offered by GTT technologies, including CAPEX/OPEX and optimization of LNG storage capacity, have allowed GTT to gain a strong position on this offshore segment. Currently, 6 regasification vessels, built by SHI and equipped with the GTT technologies, are in service and 2 are in order.

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