DSME AWARDS SEASYSTEMS THE DELIVERY CONTRACT FOR TWO FLOATING LNG STORAGE UNITS

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DSME AWARDS SEASYSTEMS THE DELIVERY CONTRACT FOR TWO FLOATING LNG STORAGE UNITS

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DSME in South Korea has awarded Scana-owned Seasystems AS a contract for the delivery of mooring equipment and analyses for two floating LNG storage units.

Torkjell Lisland, Managing Director of Seasystems AS, said: “This is a major contract for us, and it once again confirms the leading expertise our engineers have in robust and cost-effective mooring systems. We are of course very happy and satisfied that a large and reputable shipyard like DSME sees the value of our expertise and solutions and gives us confidence in this project.”

The physical delivery from Seasystems consists of 72 hull brackets and chain stoppers. DSME will install these on two floating storage units (FSUs) the yard has under construction.

Production of hull brackets and chain stoppers is scheduled to begin in November. Deliveries to DSME will start in February 2021 and continue throughout the year. Seasystems also delivers the analyses required to have the mooring system approved in accordance with class requirements.

The system to be delivered to DSME is based on technology that the company already supplies to the aquaculture industry, floating wind power and the oil industry.

Lisland added: “The contract shows that even though we are a small company, we offer technological product solutions that are attractive to a wide range of market segments. This confirms once again that we achieve our strategic goals through hard work and good partners.”

Oil and Gas World understand that GTT has received an order from the Korean shipyard Daewoo Shipbuilding & Marine Engineering (DSME) for the tank design of two Floating LNG Storage Units (FSUs), the largest such units ever built, on behalf of the Russian company GTLK.

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Each FSU will have a capacity of 361,600 m3 and will be fitted with the NO96 GW 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.

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.
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