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GTT's seminar focusing on the Retail LNG Market was held successfully in Shanghai on November 24th 2016. During this seminar, an MOU for LNG Project Strategic Cooperation was signed between Gabadi S.L., Shanghai Aojiheng Offshore Engineering Technology Service Co., Ltd. and China Merchants Heavy Industry (Jiangsu) Co., Ltd.. Mr. Antonio Hermida, CEO of Gabadi, Mr. Sam Xin, General Manager of Aojiheng and Mr. Yao Rulin, General Manager of CMHI (JS) jointly signed the MOU on behalf of the respective company. 

As a clean energy, the application of LNG as fuel is expanding day by day with promising market perspectives. In line with the overall product strategy of its parent company China Merchants Industry Holdings Co., Ltd., CMHI (JS) has chosen LNG projects as one of its core businesses. Currently, CMHI (JS) has  an order of one (1) 45,000m3 LNG Carrier with Type-A tanks under construction, and the next target of CMHI(JS) is to gradually expand its business to LNG Carriers, LNG Bunkering Vessels, FLNG, FSU, FSRU, etc. in combination with the GTT membrane cargo containment system. In addition to the strong and close collaboration China Merchants is undertaking with GTT, CMHI (JS) selected Gabadi who is an experienced outfitter licensed by GTT together with Aojiheng, the sole agent of Gabadi in China jointly as strategic construction partner. Gabadi and Aojiheng is currently establishing a Chinese entity in order to meet the market demand. The signing of the three-party MOU is to build up a win-win partnership and to set up a creative cooperation mode among the parties. Cooperation with Gabadi and Aojiheng enables CMHI (JS) to shorten the way to enter into the LNG market with GTT membrane cargo containment system. Meanwhile, each of the three parties will take the opportunity to seize the potential market opportunities so as to achieve mutual benefits and new development. 

Mr. Philippe Berterottière, CEO of GTT and Mr. Zhu Guiming, Vice President of China Merchants Industry Holdings Co., Ltd. also attended the signing ceremony during the seminar. Extensive exchanges on LNG market prospects and deep-going discussions on further cooperation were carried out by the top management of GTT, Gabadi, Aojiheng and CMIH. The parties affirmed the facilities, technical and management capability of CMHI (JS) and promised their full extent support whenever required.

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