Published by
Callum O'Reilly,
Senior Editor
LNG Industry,
Gaztransport & Technigaz (GTT) has announced that it has signed a settlement agreement with Chantiers de l'Atlantique.
The settlement agreement puts an end to all lawsuits opposing the two sides since 2006.
GTT also confirmed that both parties have agreed on the sale by Chantiers de l'Atlantique of a patent portfolio concerning specific LNG membrane containment technologies.
Edited from press release by Callum O'Reilly
GTT has announced a fall in operating income but expects a recovery in 2H15.
The two new LNG carriers will be built with GTT’s Mark III Flex technology.
GTT has announced new developments in its membrane technologies and related services.
Gaztransport & Technigaz subsidiary, GTTNA, has received ABS approval for the design of an LNG bunker barge which will incorporate GTT's CCS.