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

The French engineering company GTT (Gaztransport & Technigaz) announced the suspension of work in Russia. The company also terminated cooperation with the Russian Zvezda under a contract for the construction of 15 icebreaking gas carriers. As stated on the GTT website, the decision was made due to the restrictions provided for by the eighth and ninth package of EU sanctions.

“From January 8, 2023, the contract with Zvezda will be suspended, and GTT intervention on the two most modern LNG carriers will be limited to ensuring project safety and technology integrity in accordance with current international sanctions,” the message says. site companies.

GTT is a world leader in the production of membrane container systems that are used to transport and store liquefied natural gas. The containers produced by the company are necessary for the safe storage of fuel in large volumes at temperatures up to -163 C.

In March Financial Times reported that Russia’s gas projects in the Arctic may be in jeopardy due to the decision of foreign manufacturers of gas containers to stop cooperation with Russian companies amid sanctions. According to the publication, the departure of GTT should affect the projects in the Arctic most of all.

Russia’s Arctic projects now include Yamal LNG in northwestern Siberia, which accounted for 5% of global LNG exports in 2020, Arctic LNG-2 worth about $23 billion (feedstock exports under this project are due to start in 2023). year), as well as Sakhalin-2.

Anastasia Larina