Contractor gives GTT notice of intent to cancel Russian GBS business

French membrane containment system designer GTT has received notice from a contractor it is working with on the three gravity-based structures for Russia’s Arctic LNG 2 project of that company’s intention to cancel the contract.

Speaking on a second-quarter results call GTT chief financial officer Virginie Aubagnac said Saren, which is a joint venture between Saipem and Ronesans, notified GTT in July of its intention to terminate the contract.