GTT grants license agreement to CSL

Gaztransport & Technigaz (GTT) has granted a license agreement to Cochin Shipyard Ltd (CSL) for the construction of LNG carriers using GTT's membrane containment systems.

CSL is the first Indian shipyard to be licensed by GTT. It received the license after successfully completing the GTT qualification process, including membrane tank mock-up installation.

Commodore K Subramaniam, Chairman and Managing Director of CSL, said: "Cochin Shipyard Ltd is proud to be licensed by GTT for the construction of LNG carriers using GTT's membrane containment systems. Obtaining this technology has made a significant positive change to the technical competence and stature of this yard. Going forward, we feel that this technology would help the yard to tap the huge shipbuilding prospects in the LNG vessel segment. Our partnership with Samsung Heavy Industries (SHI) has been a critical factor in CSL completing GTT's stringent qualification requirements." 

Philippe Berterottière, Chairman and CEO of GTT, added: "We are very pleased to sign this agreement and to grant our first license agreement in India. It marks the beginning of a promising cooperation with CSL. In the scope of an energy transition towards cleaner energy, such as LNG, India will need LNG carriers equipped with the latest technologies, which GTT will provide. We also feel building LNG ships in India, with the assistance of Samsung Heavy Industries, will not only enhance the initiative of ‘Make in India’ objective of [the] government of India, but will also provide [an] excellent opportunity to an Indian Shipyard in the growing LNG market."

Edited from press release by Callum O'Reilly

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/22122015/gtt-grants-license-agreement-to-csl-1802/