GTT Gaztransport et Technigaz : receives a new order from DSME for the design of two large Floating LNG Storage Units

Press Release

GTT receives a new order from DSME for the design of two large Floating LNG Storage Units

Paris - June 30th, 2020. GTT has received an order from the Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) for the tank design of two Floating LNG Storage Units (FSUs1), the largest such units ever built, on behalf of the Russian company GTLK.

Each FSU will have a capacity of 361,600 m3 and will be fitted with theNO96GW membrane cryogenic containment system, a technology developed by GTT. Their delivery is scheduled for the end of 2022.

These two FSUs will be located respectively in the Murmansk region and in the Bay of Kamchatka in the Russian Federation. The will be employed in the Arctic LNG 2 project of the Russian LNG producer Novatek.

About GTT

GTT (Gaztransport & Technigaz) is an engineering company expert in containment systems with cryogenic membranes used to transport and store liquefied gas, in particular LNG (Liquefied Natural Gas). For over 50 years, GTT has been maintaining reliable relationships with all stakeholders of the gas industry (shipyards, ship-owners, gas companies, terminal operators, classification societies). The company designs and provides technologies which combine operational efficiency and safety, to equip LNG carriers, floating terminals, and multi-gas carriers. GTT also develops solutions dedicated to land storage and to the use of LNG as fuel for the vessel propulsion, as well as a full range of services.

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

For more information, visitwww.gtt.fr

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1 FSUs are stationary barges able to receive and store LNG from LNG carriers.