Gaztransport et Technigaz (GTT) shares on the Paris Bourse on Friday benefited from the announcement of a contract with the Chinese shipyard Cosco Shipping (Qidong) Offshore.

GTT announced last night that it had signed a technical assistance and licensing agreement with this subsidiary of China Cosco Shipping, one of the world leaders in shipping and integrated logistics.

This new contract, the amount of which was not disclosed, will enable the shipyard to implement GTT technologies for offshore LNG units, such as liquefaction and storage (FLNG) or LNG regasification, and liquefied gas carriers.

Investors welcomed this new order, which confirms the group's excellent visibility after performances already described as 'impressive' in the third quarter.

Around 12:00 pm, GTT shares gained over 1.2%, making them one of the best performers in the SBF 120 index, up 0.4% at the same time.

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