GTT Inks Deal with BGG to Build Six More LNG Storage Tanks
On March 3, 2021, GTT and Beijing Gas Group (BGG) have concluded an additional cooperation agreement related to the Tianjin Nangang LNG terminal, currently under construction in its first phase. This new agreement mainly covers the collaboration for the phase II and III of the terminal, including the construction of six additional 220,000-cbm latest generation LNG storage tanks.
The agreement follows the first agreement signed in November 2019 between GTT and the Chinese major state-owned company BEG, the parent company of BGG, at the occasion of the presidential visit in China of French President Emmanuel Macron, in presence of Chinese President Xi Jinping.
As a reminder, in June 2020, GTT received an order for the design of two 220,000-cbm membrane Full Containment tanks. Built as part of BGG's Tianjin Nangang LNG terminal, these two tanks are the largest LNG tanks in China, currently under construction. In this new agreement, GTT will also support BGG to upgrade the National Standards of this new generation LNG onshore tank.
