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Gaztransport et technigaz ( (FR:GTT) ) has provided an update.
GTT has signed a strategic cooperation agreement with COSCO Shipping LNG Investment and COSCO Shipping Heavy Industry to enhance their partnership in LNG carriers, ethane carriers, and floating liquefaction units, as well as LNG and ammonia propulsion solutions for large crude carriers. This collaboration aims to integrate GTT membrane technology across these sectors, promote innovation, and develop new projects, ultimately benefiting the LNG industry by creating efficient, multi-fuel ships. The partnership is expected to strengthen the companies’ technical teams and foster training and knowledge-sharing opportunities, driving forward the energy sector’s evolving demands.
More about Gaztransport et technigaz
Gaztransport et Technigaz (GTT) is a technology and engineering group specializing in cryogenic membrane containment systems for the transport and storage of liquefied gases. With a history of 60 years, GTT designs technologies for LNG carriers, floating units, onshore tanks, and multi-gas transport ships, and is committed to advancing towards a decarbonized future. The company also engages in developing digital solutions and low-carbon technologies and has a presence in the green hydrogen field through its subsidiary Elogen.
YTD Price Performance: 17.23%
Average Trading Volume: 57,398
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €5.59B
For an in-depth examination of GTT stock, go to TipRanks’ Stock Analysis page.