Wison Offshore & Marine announced today that it has won a binding agreement with US company Vessel Gasification Solutions (VGS) of New Jersey, for the supply of a barge-based floating LNG regasification unit (FRU), the first of its kind, to be installed offshore India.
The VGS-owned FRU will consist of a newbuild, non-propelled barge equipped to perform the regasification and send out of a maximum of 1000 million ft3/d of gas. The facility will be moored on a jetty structure 8 km offshore Andhra Pradesh on the east coast of India, 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 ships. The FRU will be sized in a way that allows for the future expansion of the regasification unit by an additional 750 million ft3/d within the next few years, as for natural gas in the area rapidly increases.
Under the agreement, Wison Offshore & Marine affiliates will undertake 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.
Gaurav Tiwari, President of VGS, said: “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”. He continued: “Taken with the appointment of Exmar to operate and manage the Kakinada LNG Import Terminal, along with the finalisation 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.”
Tiwari’s reaction was reciprocated by L. Dwayne Breaux, President of Wison Offshore & Marine Ltd, who expressed excitement at moving forward with VGS on this project and at contributing another innovative LNG facility to the market. “The FRU will be the integral part of VGS’s plan to meet a significant energy need in the Indian market”, he said. “The fact that VGS has entrusted the delivery of this unit to Wison is a testament to our strong relationship with this key player in the LNG market and our growing position in the industry as a trusted supplier of LNG facilities.”
Adapted from press release by Ted Monroe
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/21012014/wison_wins_fru_supply_agreement/