Wison Offshore & Marine will supply a barge-based floating LNG regasification unit (FRU), to be installed offshore India, for New Jersey-based Vessel Gasification Solutions (VGS).
Under the agreement, Wison affiliates will be responsible for the turnkey engineering, procurement, construction, installation and commissioning (EPCIC) of the unit and will lead the project from its Shanghai operational center with construction to be performed at Wison’s wholly-owned fabrication facility located in Nantong, China.
The FRU, which will be owned by VGS, will consist of a newbuild, non-propelled barge equipped to perform the regasification and send out of a maximum of 1000 MMscf/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. The FRU will be sized to allow for the future expansion of the regasification capability by an additional 750 MMscf/d of gas.
“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.”
Image: Wison's Nantong facility
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