Wison granted AIP for its innovative Floating LNG Storage and Regasification Terminal design
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Wison Offshore & Marine Ltd. has received Approval in Principle (AIP) from Bureau Veritas (“BV”) for its newly-developed large-scale Floating LNG Storage and Regasification Terminal, the company announces in its press release. Featuring scalable storage capacity up to equivalent size of a Q-Max, this is the first large-scale FSRU barge design that has been granted AIP by a classification society. It also marks that Wison is now capable of providing comprehensive range of FSRU solutions catering LNG import markets with various scales of demand.
This full-size floating LNG terminal solution offers an economical alternative to the conventional LNG regasification vessels (LNG RV) especially for markets with long-term demand. The barge design lowers initial capital investments (up to 20 percent compared with LNG RV of equivalent size) as well as O&M costs, while enabling uninterrupted service throughout project lifecycle.
Wison is soon to deliver world’s first FSRU barge under an EPC contract and world’s first FLNG barge achieved final delivery most recently. While leveraging expertise gained through building floating LNG facilities, Wison is becoming a leader in providing innovative floating solutions for midstream LNG industry by developing full spectrum of products across the supply chain from liquefaction, transportation and distribution, regasification, and gas-to-power. A month ago, BV granted AIP for Wison’s 50MW floating LNG power supply barge (50MW W-FSRP).