GTT first-quarter revenue up

OFFSHORE ENERGY | French liquefied natural gas containment specialist GTT reported a 74 per cent rise in first-quarter revenue as new orders keep pouring in. GTT, which is about 40 per cent owned by French utility Engie, said its revenue reached 102.5 million euros ($111.2 million) in the first quarter of this year. According to GTT, revenues benefited from orders in 2018 and 2019 as royalties from LNG carriers and floating storage and regasification units increased 88 percent and 80 percent, respectively.


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