GTT: Order book of 299 units valued at 1.8 billion euros for the core business
GTT, the technological expert in membrane containment systems used to transport and store liquefied gases, today announces its revenue for the first nine months of 2026. Commenting on the results, François Michel, Chief Executive Officer of GTT, said: “The Group’s commercial performance during the first nine months of 2026 demonstrates the strength of the LNG ...
GTT, a leader in membrane containment systems for liquefied gas transportation and storage, reported its first nine months of 2026 revenue. CEO François Michel highlighted the strength of the LNG market, citing the completion of 51 Mtpa of new projects and 84 Mtpa signed in 2025, demonstrating sustained demand for LNG. The company secured 80 orders, including 71 for new LNG carriers, and received numerous orders for infrastructure in the LNG sector.
These include onshore storage tanks with capacities of 240,000 m3 and 200,000 m3, as well as the largest LNG tank with GTT's GST® technology to be built in China. The delivery of 66 LNG carriers, two VLECs, and one FSRU was also noted. Revenues for the period fell by 4.9% compared to the previous year, attributed to fewer new LNG carriers under construction and a shift in delivery dates reverting to initial contractual milestones.
GTT Marine continued to develop its integrated platform and reported commercial successes with contracts for Shaft Power Meters, Voyage Data Recorders, and Electronic Fuel Monitoring Systems.
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