Wison Delivers World's First Barge-Based FSRU to Exmar

Shanghai, China (22nd December 2017) - Wison Offshore & Marine (“Wison”) is pleased to announce that the company has completed final delivery of the world’s first barge-based floating LNG storage and re-gasification unit (FSRU) to Belgian company Exmar, who has also confirmed that long-term employment for the  FSRU starting from mid-2018 has been secured. Further to successful delivery of the Caribbean FLNG in January 2017, this marks another key milestone for the cooperative relationship between Wison and Exmar.

The FSRU barge constructed at Wison Nantong shipyard features an LNG storage capacity of 25,000m³ and a re-gasification capacity of 600MMSCFD. It is the first ever FSRU project undertaken by a Chinese company on EPC basis. The project was executed with a quest for efficiency and openness to innovation. For instance, modularized approach shortened the schedule and lowered the risks associated in construction phase, while a dedicated cargo handling system for the SPB tanks has been developed.

Mr. Huaqing Wei, Project Director for the FSRU Project and Deputy General Manager of Wison (Nantong) Heavy Industry commented; “We are glad to continue working with Exmar on the first-of-its-kind floating LNG projects and feel grateful for concerted efforts by all partners who made it happen.”

This barge-based FSRU serves as a flexible LNG receiving solution which makes considerable reductions in CapEx and lead time possible for project developers. Wison is making firm progress in cementing its leading position in providing integrated solutions and project delivery services along LNG value chain. Mr. Ying Cui, CEO of Wison Offshore & Marine said, “Successful delivery of the project again showcases Wison’s strong capability to deliver cost-effective solutions. We are committed to commercialization of global LNG industry by delivering higher returns for various types of infrastructure investors, making LNG more affordable.”