GTT may delay Mark V LNG containment tech launch

GTT may delay Mark V LNG containment tech launch
Image courtesy of GTT

GTT, the French maker of LNG containment systems, said it could delay the general availability of its Mark V technology to the market. 

The company said that, while it remains confident in the potential of the technology, it has decided to re-validate some aspects of it following the “discovery of a technical concern.”

GTT also added it is aware that today’s market conditions and LNG prices are not propitious to the general application of the current version of Mark V, considering the incremental cost of the system compared to GTT’s other technologies.

“The company will, therefore, use this additional time to seek improvements in the cost of this system,” GTT’s statement reads.

Speaking of the decision, GTT’s CEO Philippe Berterottière said the company is working with customers that “considered using Mark V, both to discuss the timing of the modification to this new system and other containment options.”

The other options could include the newly improved Mark II Flex technology, Berterottière said.


Share this article

Follow LNG World News

Posted on September 29, 2017 with tags , .


<< Aug 2019 >>
29 30 31 1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30 31 1

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

LNG Bunkering Mediterrean

The only 3-day course offering theoretical and practical training on LNG bunkering designed by the Mediterranean market leaders.   

read more >

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >