GTT says 2025's LNG FIDs will require 150 new LNG carriers

French LNG tank and containment specialist GTT is positive about the future market for LNG vessels and containment systems.

At his first full-year earnings presentation as chief executive, Francois Michel outlined more than a dozen orders for LNG carriers that will use its containment systems already in 2026, compared with a total of 37 in 2025, the company’s third consecutive record revenue year. Of the 37 orders, 18 came during 2025’s fourth quarter.

With a strong end to the year prior and a good start to the new year, the chief executive is upbeat about prospects. Mr Michel said he expects dozens of orders based on the final investment decisions (FIDs) taken on LNG projects in 2025, which will require ships to transport the gas.

"2025 is also a very good year for us when it comes to looking... into the future," Mr Michel said. "The record high levels of FIDs that we have seen, which are solid and firm, will translate into an additional need for 150 ships, just from a single year."

Much of the activity, which has dwarfed the running average of FIDs on projects from previous years, has come from the US, under the Trump administration’s favourable policy climate for oil and gas projects.

“We are seeing a very high level of commercial activity,” Mr Michel said, noting that the company’s backlog puts it in a stable position, as well.

"At the end of 2025, we still have a very solid orderbook at €1.6Bn (US$1.9Bn), which gives us a lot of robustness for the coming years."

In terms of the outlook for 2026, the LNG tank manufacturer said it foresees "potentially, the second-best financial performance" in the company’s history.

On the day it announced its financial results for 2025, GTT also notched an order from Samsung Heavy Industries for the tank design for two newbuild LNG carriers.