The tanks will be designed for an FSRU with a capacity of 170,000m³. Credit: Shaah Shahidh / Unsplash.

South Korea’s Hyundai Heavy Industries (HHI) has awarded a contract to French liquefied natural gas (LNG) containment specialist Gaztransport & Technigaz (GTT) for the tank design of a new floating storage and regasification unit (FSRU).

The yard will construct the FSRU, with a storage capacity of 170,000m³, for US-based LNG firm Excelerate Energy.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

It will feature the Mark III Flex membrane containment system developed by GTT.

The Mark III technology is a cryogenic liner developed for the containment of liquefied gas at low temperatures during shipping, as well as onshore and offshore storage, at atmospheric pressure.

Directly supported by the ship’s hull structure, the containment and insulation system features a primary corrugated stainless steel membrane.

See Also:

This membrane is positioned on top of a prefabricated insulation panel. It also consists of a complete secondary membrane made of composite material.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Furthermore, the modular system deploys standard prefabricated components to support various shapes and capacities of tanks.

With a maximum regasification capacity of one billion standard cubic feet per day (1,000 MMscf/d), the new FSRU is expected to be delivered in the second quarter of 2026.

It will incorporate HHI’s proprietary LNG regasification system, boil-off gas management, dual fuel engines and selective catalytic reduction system, as well as other solutions to reduce emissions and enhance performance.

Including vessels both in operation or under construction, the latest order takes Excelerate Energy’s FSRU count to 11.

Last month, GTT won an order from another South Korean entity, Daewoo Shipbuilding & Marine Engineering (DSME), for the tank design of six new LNG carriers.

The 174,000m³ capacity vessels will feature the GTT-designed NO96 L03+ membrane containment system.