Press Release

GTT entrusted by DSME with the tank design of six ARC7 ice-breaking LNG Carriers

Paris - December 1st, 2020. GTT has received an order from the Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) for the tank design of six ARC71 ice-breaking LNGCs2.

Three of them will be built on behalf of the Japanese ship-owner Mitsui OSK Lines Ltd. (MOL) and the other three on behalf of the Russian ship-owner Sovcomflot (SCF).

Each vessel will offer a capacity of 172,500 m3. GTT will design the tanks of the vessels, which will be fitted with theNO96 GW membrane containment system. These vessels will be delivered throughout 2023 and will operate as part of the Russian LNG producer Novatek's "Arctic LNG 2" project.

Philippe Berterottière, Chairman and CEO of GTT, declared: "Six years after the first orders for ice-breaking LNGCs for the Yamal project and after few hundreds of voyages in ice conditions, GTT is very proud that its membrane containment solutions have once again been chosen for this type of vessel."

About GTT

GTT (Gaztransport & Technigaz) is a technology and 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.

Media contact:press@gtt.fr / +33 (0)1 30 23 42 26 - +33 (0)1 30 23 80 80

Investor Relations contact:information-financiere@gtt.fr / + 33 (0)1 30 23 20 87

  • 1 ARC7 : ice class for merchant ships

  • 2 Liquefied Natural Gas Carrier

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GTT – Gaztransport & Technigaz SA published this content on 01 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2020 16:50:02 UTC