Wison Offshore & Marine to Build Floating LNG Regas Barge

wison offshore vgs lng regasification bargeWison Offshore & Marine announced today the signing of a turnkey engineering, procurement, construction, installation and commissioning (EPCIC) contract with Vessel Gasification Solutions (VGS)  for the supply of the industry’s first barge-based floating LNG regasification unit (FRU).

The FRU, which will be owned by VGS and installed offshore India, will consist of a non-propelled barge equipped to perform the regasification and send out of a maximum of 1,000MMscf/d of gas. The facility will be moored on a jetty structure located approximately 8km offshore Andhra Pradesh on India’s eastern coast, to the northeast of the Kakinada Anchorage Port (KAP), alongside a permanent floating storage unit (FSU) that will be used as the LNG offloading point for trading tankers.

Wison notes the FRU will be sized to allow increased regas throughput of an addtitional 750MMscf/d should market conditions warrant such an increase.

“With the execution of this agreement, Wison has allowed VGS to significantly increase the first-mover advantage we have established on India’s East Coast,” said Gaurav Tiwari, President of VGS. “Taken with the appointment of Exmar to operate and manage the Kakinada LNG Import Terminal, along with the finalization of the Project’s insurance structuring, stitching up these three critical milestones keeps with the fast-track timetable with which we are driving the project forward. Now, with Wison and Exmar partnered for the Project’s implementation we can continue to move forward briskly, but also with great certitude.”

The FRU is to be constructed at Wison’s wholly-owned fabrication facility located in Nantong, China.