History

TGE Marine Gas Engineering GmbH was founded in 1980 in Bonn under the name Liquid Gas International Ingenieurgesellschaft GmbH (LGI) by Mr. Horst Schierack and Mr. Vladimir Puklavec. The company was an engineering contractor for the design and supply of gas handling systems for gas carriers which were primarily delivered to small shipyards in northern Germany and Holland. At the end of the 80s, the scope of services was extended to cover the onshore cryogenic terminal business. In 1989 the first contract for a gas handling system for the mainland China’s first ever gas carrier was signed with Jiangnan Shipyard Group. Since then TGE Marine Gas Engineering GmbH has become the dominant engineering contractor for gas handling systems and cargo tanks in China, with more than 38 gas plants contracted to date.

In 1993 LGI was acquired by the Belgian Tractebel Group and renamed Tractebel Gas Engineering GmbH (TGE). With a strong industrial group as shareholder, TGE’s business was expanding and at the end of the 90s all gas engineering activities within Tractebel Group were merged with TGE Group. At the same time the product range was extended to cover LNG storage and logistics systems. During 2005 Tractebel Group decided to divest the contracting entities and TGE proposed an MBO, which was concluded in 2007. As a strong financial partner, Caledonia Investment (UK) became the majority shareholder and management controlled 40% of shares. The company was renamed TGE Gas Engineering GmbH and operated with two core business units: Offshore/Gas Carrier and Onshore Terminal & Storage. In 2007 management decided to demerge the onshore business into a separate company and found an industrial partner as major shareholder in CIMC Group. At this point the company was renamed again, becoming TGE Marine AG – as the holding company – and TGE Marine Gas Engineering GmbH as its operating counterpart.