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Last updated : 30/10/2026 - 17h00
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GTT unveils advances in methane carriers and ethane carriers at Gastech 2026

On the sidelines of Gastech 2026, GTT Energy detailed several technical developments concerning methane carriers, ethane carriers and LNG-propelled container ships. These initiatives extend the two offerings presented on September 15, 2026 by the group's operating unit dedicated to containment systems and energy management.


GTT unveils advances in methane carriers and ethane carriers at Gastech 2026

Approvals for new methane carrier configurations

GTT Energy recalled the launch of two offerings mentioned in its press release of September 15, 2026: a new-generation LNG fuel containment solution and the LNG Performance Centre, an ecosystem of services for methane carriers bringing together cargo management, voyage optimization and containment system monitoring.

GTT and Hudong-Zhonghua obtained Approvals in Principle from the American Bureau of Shipping, Bureau Veritas, China Classification Society, DNV and Lloyd's Register for a 174,000 m³ vessel equipped with GTT NEXT1 membrane technology, enabling a cargo daily evaporation rate of 0.07%.

GTT, Shell and Lloyd's Register have also launched a joint development project focusing on a 200,000 m³ methane carrier concept combining hybrid-electric propulsion and GTT NEXT1 technology. GTT also obtained an Approval in Principle from Lloyd's Register to extend the interval between two dry dock passages to 7.5 years, compared to five years typically, and a study conducted with Lloyd's Register Advisory confirmed the compatibility of 200,000 m³ methane carriers with the majority of existing LNG terminals.

Large-capacity ethane carriers and reduction of environmental footprint

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In the liquefied ethane segment, GTT, HD Hyundai Heavy Industries and Lloyd's Register have launched a joint development project around an ultra-large 150,000 m³ ethane carrier incorporating Mark III Slim technology. GTT and Hudong-Zhonghua obtained an Approval in Principle from DNV for a large 100,500 m³ ethane carrier equipped with the NO96 Super+ membrane containment system, fitted with a bi-oblique tank No. 4.

GTT also presented advances aimed at environmental objectives. Its 2 barg membrane technology designed for LNG-propelled container ships received an Approval in Principle from Lloyd's Register, following an initial approval from Bureau Veritas at SMM 2026.

Finally, an insulation solution based on hydrofluoroolefins developed by Dongsung Finetec passed all stages of GTT's qualification and certification process, as part of the group's transition towards blowing agents with very low global warming potential for its membrane containment technologies.



Sector Énergie › Services et équipements parapétroliers


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Context

Period
  • Period: 9M 2026
Key reported figures
  • Revenue: 570,1 millions d'euros
  • Quarterly revenue: 570,1 millions d'euros
  • Revenue growth: -4,9 %
Guidance from the release
  • the Group confirms its objectives for 2026 despite an uncertain geopolitical context
Risks mentioned
  • Ongoing conflict in the Middle East causing disruptions to energy and maritime transportation markets with uncertainties related to Strait of Hormuz navigation
  • Lower number of LNG carriers under construction linked to low order intake in first nine months of 2025 impacting revenues
  • Trend of earlier ship delivery dates reversing with dates realigning to contractual milestones, representing less than 2% of nine months revenue shift
Opportunities identified
  • Significant number of Final Investment Decisions taken for new liquefaction capacities providing high visibility for several years
  • Strong order momentum with 80 orders received (71 for LNG carriers) and orderbook of 299 units valued at 1.8 billion euros
  • GTT Energy's new services offering (LNG Performance Centre) with Cargo Insights module presenting major milestone for digital solutions development
Outlook / guidance
  • Expected revenue: 760 millions d'euros
  • Expected EBITDA: 510 millions d'euros
  • Management commentary: GTT recalls its targets for the 2026 fiscal year, namely: 2026 consolidated revenues between 740 and 780 million euros, Consolidated EBITDA for 2026 between 490 and 530 million euros

The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.

Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.

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