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Wison collaborates on China’s FSRU industry standards

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LNG Industry,

Wison Offshore & Marine has announced that it will collaborate with China Classification Society (CCS) Wuhan Rules & Research Institute on various fronts of FSRU developments in China under a strategic cooperation agreement.

Pursuant to the agreement, both parties will embark on a wide range of joint efforts in development and optimisation of FSRU products, formulation of relevant technical standards, design and review, joint research of new technologies, exchange of know-how and talent development for the industry. Further to improving China’s FSRU construction standards, such cooperation is set to promote commercial application of floating LNG solutions in the country, nurturing LNG development in this huge market.

China has been hit by gas-supply shortages this winter, triggered largely by accelerated shift away from coal as environmental requirements become increasingly stringent, leading to a sharp rise in domestic LNG prices. To foster the competitiveness of natural gas in China’s energy landscape for steady growth in the longer term, the industry urgently needs expedited build-up of industry standards and value chain.

As the turnkey service provider for the first FSRU ever constructed in China, Wison has accumulated considerable project experience in floating LNG facilities. While recently, Wison has launched a full spectrum of innovative solutions across the LNG value chain from gas liquefaction, LNG transportation and delivery, storage and regasification, to gas power.

Mr Ying CUI, CEO of Wison Offshore & Marine said, “We’re delighted to partner with CCS Wuhan Rules & Research Institute whose strengths in technical research can be leveraged in our joint contributions to the formulation of FSRU technical standards in China. We hope floating LNG import solutions that have been widely adopted in global market can better serve Chinese market, offering a more flexible and economical option to access LNG supply.”

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China LNG news