GTT will supply the largest cryogenic cargo containment tank designs ever developed for two floating LNG storage units (FSUs) following an order from South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME)
DSME is building the two FSUs under a contract signed by Russian independent gas producer Novatek. Being built at a cost of US$748M, the LNG FSUs will be delivered in H2 2022. The contract contains options to build two others. Each FSU will have a capacity of 361,600 m3 and will be fitted with GTT’s NO96 GW membrane cryogenic containment system, with delivery in H2 2022.
Each LNG barge will serve as floating LNG storage terminal, receiving and storing cargoes transported by ice-breaking Arc7 class LNG carriers from Russian LNG projects in the Arctic. Those cargoes will be offloaded to LNG carriers for transhipment to Europe or Asia.
One FSU will be located in the Murmansk region and the other in the Bay of Kamchatka as transhipment hubs for Novatek’s Arctic LNG 2 project.
The Arctic LNG 2 project is being developed at a cost of US$21.3Bn with a capacity of 19.8 mta, with first commercial production set for 2023.
Orders for the new FSU cargo containment system designs follow on the heels of two other large projects secured in June by GTT. Earlier in the month, GTT received an order from DSME for the design of a new floating storage and regasification unit (FSRU) for Japanese shipowner Mitsui OSK Lines Ltd (MOL). The 263,000-m3 FSRU will be fitted with the NO96 membrane cryogenic containment system. Once delivered in 2023, the FSRU will be located in Wilhelmshaven, Germany.
This new FSRU will have the same capacity as MOL FSRU Challenger, the world’s largest of its type, which was built by DSME and delivered in 2017.
China increases LNG storage capacity
In China, GTT received an order from China Huanqiu Contracting & Engineering Co Ltd for the design of two membrane full containment LNG storage tanks for the BGG Tianjin Nangang LNG terminal. The two tanks, each with a capacity of 220,000 m3, will be the largest land storage tanks in China.
This order follows the agreement signed in November 2019 between GTT and the Chinese state-owned company Beijing Enterprises Group during the presidential visit in China between French President Emmanuel Macron and Chinese President Xi Jinping.
GTT will design what will be the first membrane full containment tanks in China fitted with its GST technology. The onshore storage tanks will be located in the Tianjin south port Industrial Zone in China and are expected to be commissioned during Q4 2022.
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