SHANGHAI, China – Wison Offshore & Marine reports the award of a binding agreement with Vessel Gasification Solutions (VGS) for the supply of the industry’s first barge‐based floating LNG regasification unit (FRU) to be installed offshore India.
Under the agreement, Wison Offshore & Marine 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, nonpropelled barge equipped to perform the regasification and send out of a maximum of 1,000 MMcf/d of gas. The facility will be moored on a jetty structure located 8 km (5 mi) offshore Andhra Pradesh on India’s eastern coast, to the northeast of the Kakinada Anchorage Port, 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 MMcf/d of gas within the next few years in order to meet the rapidly growing natural gas requirements in the region.