Keppel, GTT to Jointly Market LNG Solutions

Singapore shipbuilder Keppel Offshore & Marine (Keppel O&M) has signed a technical assistance and license agreement with LNG membrane containment specialist firm GTT, it said September 17.

The two companies will jointly market LNG solutions leveraging GTT's membrane containment systems and Keppel's shipyard expertise. Keppel said its network of global yards will be able to offer GTT's LNG systems in the design, construction and maintenance of LNG carriers, LNG bunker vessels, LNG-fuelled vessels, and floating storage and regasification units (FSRU).

"This is a win-win partnership with GTT as it will allow us to offer more comprehensive LNG solutions to our respective customers, across our global networks of operations. With GTT's proven LNG containment technology and Keppel's track record in specialised shipbuilding as well as expertise in LNG, we will be able to provide safer, more efficient and economical solutions in sustainable power generation,” Abu Bakar, managing director (gas & specialised vessels) of Keppel O&M, said.

Keppel and GTT have been working together since more than a decade. In 2004, Keppel Shipyard, became an approved repair yard for ships equipped with GTT membranes, and in 2014 Keppel Singmarine signed a technical assistance and license agreement with GTT for newbuilds.

"We are pleased to extend our partnership with Keppel to jointly offer a wider range of LNG solutions. GTT's technologies make it possible to build LNG carriers to meet the demand of supplying LNG along coasts and up rivers to island nations. By adopting our membrane technologies, Keppel O&M will be able to design optimised ships in terms of capacity and size and minimise the draught," GTT CEO Philippe Berterottière said.