The largest manufacturer of containers for the transportation of LNG has stopped working in Russia

GTT suspends work in Russia after studying the latest package of EU sanctions against the Russian Federation. These sanctions prohibit the provision of engineering services to Russian enterprises, he writes dw.com.

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French engineering company GTT (Gaztransport & Technigaz) suspends work in Russia. In the press release of the company, published on Monday, January 2, it is explained that such a decision was made after a thorough analysis of the eighth and ninth packages of sanctions of the European Union, introduced against Russia due to its armed invasion of Ukraine.

As noted in the document, GTT will suspend the contract with the Russian shipping company "Zvezda" on the construction of 8 icebreaker-class gas carriers from January 15. The participation of the French company will be limited to the completion of the projects of the two "most technological" gas carriers. The company also announced that it would no longer include projects in Russia in its list of orders.

Orders for Russia at shipyards in Asia

At the same time, the press release notes that the fulfillment of other orders at shipyards in Asia, related to the construction for Russian projects in the Arctic of six icebreaker-class gas carriers and two floating installations for the production, storage and shipment of oil, continues in a normal mode.

In September 2019, GTT signed a contract with Saren BV (a joint venture between oil service company Saipem and Turkish Renaissance Heavy Industries) for the design and construction of three OGTs (platforms on which modules with gas liquefaction equipment will be placed) for the Arctic LNG-2 project.

GTT specializes in the development and licensing of the construction of cryogenic membrane systems for the transportation and storage of liquefied natural gas (LNG).

Read also on Newsky "Natural gas prices are falling in Europe" and look at Boring Pence YouTube channel.

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