Wison and GTT Sign Technical Assistance and License Agreement for the construction of membrane tank systems

Wison Offshore & Marine ("WOM") has signed a Technical Assistance and License Agreement (TALA) with GTT (Gaztransport & Technigaz) for the equipment of Floating Liquefied Natural Gas units (FLNG), Floating Storage and Regasification Units (FSRU), Floating Storage Regasification Power (FSRP) units and LNG Carriers, using GTT membrane solutions.

GTT is a technology and engineering company expert in containment systems with cryogenic membranes used to transport and store liquefied gas especially LNG.

WOM obtained GTT license after having successfully completed a qualification process that began earlier this year, including the construction of Mark III technology Mock-up. This technology and its evolutions equip more than 250 vessels in operation and under construction and benefit from more than 50 years' experience at sea.

This new partnership allows both partners to further expand their offer to ship-owners, to target new markets, especially focusing on floating based solutions, and to advance the development of LNG in the global supply chain.

"Wison Offshore & Marine is committed to delivering innovative solutions across LNG value chain from liquefaction, transportation and delivery, regasification, to LNG-to-power", commented Mr. Wenxin An, Chief Operating Officer of WOM. "We are very proud to be licensed by GTT for Membrane technologies. This will allow us to offer more actively LNG solutions with GTT's technologies in China, which is what the market is asking for."

Philippe Berterottière, Chairman and CEO of GTT declared: "We are pleased to count WISON among our new-building partners. We are very interested in developing and building together new LNG infrastructures which can provide innovative natural gas value chain solutions."