2024-01-24 03:30:48 ET
Summary
- Gaztransport & Technigaz SA is the dominant player in the LNG containment systems market.
- GTT is also involved in the growing market of LNG as a fuel for maritime vessels.
- Environmental regulations are encouraging the use of LNG as a fuel to reduce emissions.
- In this article, we aim to assess the market potential for LNG as a fuel.
Introduction
The scarce number of investors who are familiar with Gaztransport & Technigaz SA ( OTCPK:GZPZY ) ( OTCPK:GZPZF ) know the company primarily for being the dominant player in the niche market of liquefied natural gas [LNG] containment systems. In short, these are the containment systems - membranes made of a combination of metal alloys and composite materials - that enable carriers to transport LNG across the high seas.
Yet, there is another aspect of the company's development that is less appreciated, but may well represent a non-negligible addressable market: LNG as a fuel .
This refers to various types of maritime vessels, including container ships, oil tankers, bulk carriers, car & truck carriers, and cruise ships, making use of LNG as fuel for propulsion....
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Gaztransport & Technigaz SA: Assessing The Market Potential Of LNG As A Fuel