GTT receives Hyundai FSRU order

GTT will provide its Mark III Flex containemnt technology to the new FSRU to be delivered from Hyundai Heavy Industries GTT will provide its Mark III Flex containemnt technology to the new FSRU to be delivered from Hyundai Heavy Industries

LNG membrane containment system provider GTT will supply its Mark III Flex technology to a new floating storage and regasification unit (FSRU) to be built by Hyundai Heavy Industries (HHI).

The FSRU, to be delivered in 2017, is the fourteenth ordered globally since 2011 – all of which employ solutions from GTT. The company’s order book includes six FSRUs as of 31 March, three of which were ordered last year. In 2014 six FSRUs were delivered, all with GTT technology.

Philippe Berterottière, chairman and CEO of GTT, commented: "We are very satisfied that our systems have become the standard in this offshore gas industry segment. We are quite confident in our capability to record new successes.”

The company said it owes its strong position in the segment to the competitive advantages offered by its technologies, including capex/opex and optimisation of LNG storage capacity.

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