GTT, a technology specialist in the storage and transport systems of liquefied gases, registered 80 new orders in the first nine months of 2026, including 71 orders for LNG ships with expected deliveries between 2028 and 2030. These orders clearly indicate a sustained demand for LNG and enable GTT to effectively respond to the needs of its customers and partners.
Details of New Orders
Among the new orders, two LNG ships with a capacity of 177,000 cubic meters and a three-tank configuration have been registered. Additionally, GTT announced two orders for four LNG ships, each with a capacity of 200,000 cubic meters and Mark III Flex+ technology. Furthermore, the company is responsible for designing cryogenic tanks for two Very Large Ethane Carriers (VLEC), with their delivery scheduled between the fourth quarter of 2028 and the first quarter of 2029.
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Developments in Services and Innovations
GTT is also continuing to develop its new service sector and introduced several innovations at the Gas Tech exhibition in Bangkok in September 2026. One of these innovations is the LNG performance center, designed to optimize the performance of LNG fleets and manage cargoes. This center helps GTT's customers and partners utilize the data obtained to improve their fleet performance.
Overall, GTT's revenue in the first nine months of 2026 reached 522 million euros, reflecting a 9.4 percent decrease compared to the previous year. This decline is mainly attributed to the fewer number of LNG ships under construction during this period. Additionally, GTT continues to invest in new services and digital offerings to adhere to its strategy in this area.
Given the final investment decisions made for new liquefaction facilities and the strong order intake trend, GTT estimates that it will continue to grow in the coming years. The company is also reviewing the delivery dates of the ships and moving towards realigning them with the initial contractual milestones.
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